Jazz St Louis

Analysis

Jazz St Louis is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Jazz St Louis reported income of $2.9m and spending of $3.5m, spending 122% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $4.0m to $2.9m (-29%), an average of -8.1% a year. The sharpest change came in the year to May 2022, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz St Louis sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include Marin Symphony Assn ($2.9m), Fine Arts Discovery Series Inc ($2.9m) and Riverpark Center Inc ($2.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 61% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $147k (4.2% of expenses). Other salaries and wages came to $923k. At year end it held assets of $6.6m against liabilities of $477k, net assets of $6.2m. It reported 25 employees.