Pecos Valley Jazz and Arts Festival

Analysis

Pecos Valley Jazz and Arts Festival is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in September 2007, 19 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, Pecos Valley Jazz and Arts Festival reported income of $117k and spending of $114k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $117k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pecos Valley Jazz and Arts Festival sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within NM. Charities of a similar size with the same main cause include Community Arts Network of Oneonta Inc ($117k), Society of Cincinnati in the State of Connecticut ($117k) and California Desert Chorale ($117k).

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 $69k against liabilities of $1,887, net assets of $67k.