Chicago Jazz Orchestra Association

Analysis

Chicago Jazz Orchestra Association is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 June 2023, Chicago Jazz Orchestra Association reported income of $260k and spending of $202k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $294k to $260k (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Jazz Orchestra Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Circle Y Ranch of Bangor Mich ($260k), Rosaria Communities Foundation Inc ($260k) and Poland-Boardman Child Care Center ($260k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $17k. It paid $4,174 in professional fundraising fees. At year end it held assets of $188k against liabilities of $2,932, net assets of $185k. It reported 1 employees.