Jazz Sanctuary Inc

Analysis

Jazz Sanctuary Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jazz Sanctuary Inc reported income of $50k and spending of $51k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $50k (+13%), an average of +13% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz Sanctuary Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within PA. Charities of a similar size with the same main cause include Canto Vocal Programs a New York Nonprofit Corporation ($50k), American Chemical Society ($50k) and Greenville Family Theater ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.