Quad Cities Jazz Festival Ltd

Analysis

Quad Cities Jazz Festival Ltd is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in June 1996, 30 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, Quad Cities Jazz Festival Ltd reported income of $64k and spending of $46k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $64k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Quad Cities Jazz Festival Ltd sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Pansamian Brotherhood Pythagoras of New York Inc ($64k), Minnesota Bach Ensemble ($64k) and Capital City Concerts Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.