Cleveland Jazz Orchestra

Analysis

Cleveland Jazz Orchestra is a registered charity in United States, based in Broadview HTS, OH. It received its IRS tax-exemption ruling in November 1985, 41 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 June 2023, Cleveland Jazz Orchestra reported income of $295k and spending of $327k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $274k to $295k (+7.8%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cleveland Jazz Orchestra sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Mid American Veterans Museum ($295k), MJ 4 Hope ($295k) and Mixed Emotion Theatrix ($295k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $112k (34% of expenses). Other salaries and wages came to $77k. At year end it held assets of $415k against liabilities of $1,368, net assets of $414k. It reported 3 employees.