Jazz Institute of Chicago Inc

Analysis

Jazz Institute of Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1969, 57 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, Jazz Institute of Chicago Inc reported income of $1.1m and spending of $978k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $829k to $1.1m (+35%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 100% 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 Institute of Chicago Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Provincetown Film Society Inc ($1.1m), Austin City Art Fund ($1.1m) and Phoenix Boys Choir Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $96k (9.8% of expenses). Other salaries and wages came to $157k. At year end it held assets of $693k against liabilities of $317k, net assets of $376k. It reported 6 employees.