Cedar Basin Jazz Festival Inc

Analysis

Cedar Basin Jazz Festival Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in June 2006, 20 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, Cedar Basin Jazz Festival Inc reported income of $100k and spending of $119k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $100k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 6427%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cedar Basin Jazz Festival Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within IA. Charities of a similar size with the same main cause include North Bay Letterpress Arts ($100k), Spirit of Harmony Foundation ($100k) and Rio Rancho Creative Crossroads ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $24k against liabilities of $2,900, net assets of $21k.