Hot Summer Jazz Festival

Analysis

Hot Summer Jazz Festival is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 2002, 24 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, Hot Summer Jazz Festival reported income of $561k and spending of $556k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $462k to $561k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hot Summer Jazz Festival sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Maine Center for Coastal Fisheries ($561k), Theo Ubique Theatre ($562k) and Royal Academy of Dancing ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $96k (17% of expenses). Other salaries and wages came to $18k. At year end it held assets of $122k against liabilities of $100, net assets of $122k. It reported 4 employees.