United Jazz Foundation

Analysis

United Jazz Foundation is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in August 2015, 11 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, United Jazz Foundation reported income of $952k and spending of $908k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $952k (+444%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 472%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United Jazz Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 84th percentile within VI. Charities of a similar size with the same main cause include Industry Productions Inc ($952k), Access Gallery ($952k) and China Lake Museum Foundation ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $50k against liabilities of $27k, net assets of $23k.