Michigan Jazz Festival

Analysis

Michigan Jazz Festival is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in July 1998, 28 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 December 2023, Michigan Jazz Festival reported income of $58k and spending of $52k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $58k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 700%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Jazz Festival sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Syrian Lebanese American Club Inc ($58k), Broadway Experience ($58k) and Players of the Stage ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.