Garfield Jazz Foundation

Analysis

Garfield Jazz Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2003, 23 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 July 2023, Garfield Jazz Foundation reported income of $121k and spending of $134k, spending 110% of what it took in. Across the 4 years on record, from July 2019 to July 2023, income fell from $159k to $121k (-23%), an average of -8.5% a year. The sharpest change came in the year to July 2023, when income rose by 156%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Garfield Jazz Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Dirt Dogs Theatre Company ($121k), Cabot Arts Inc ($121k) and Wills Sainte Claire Museum ($121k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $172k against liabilities of $600, net assets of $171k.