Detroit Jazz Festival Productions Inc

Analysis

Detroit Jazz Festival Productions Inc is a registered charity in United States, based in Harper Woods, MI. 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Detroit Jazz Festival Productions Inc reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $4.7m to $4.5m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to October 2022, when income rose by 43%. 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, Detroit Jazz Festival Productions Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Indiana Biosciences Research Institute Inc ($4.5m), American Association of Petroleum Geologists Foundation ($4.5m) and United We Pledge ($4.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $120k (2.7% of expenses). Other salaries and wages came to $607k. It paid $55k in professional fundraising fees. At year end it held assets of $427k against liabilities of $353k, net assets of $74k. It reported 121 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.