Friends of Jazz Inc

Analysis

Friends of Jazz Inc is a registered charity in United States, based in Fullerton, CA. It received its IRS tax-exemption ruling in December 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Jazz Inc reported income of $73k and spending of $90k, spending 125% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $66k to $73k (+9.6%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Jazz Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Wilderness Wildlife Museum ($73k), Mifflin County Historical Society ($73k) and Vidan Foundation Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 42% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.