California Jazz Conservatory Inc

Analysis

California Jazz Conservatory Inc is a registered charity in United States, based in Berkeley, CA. 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 (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, California Jazz Conservatory Inc reported income of $3.1m and spending of $3.7m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $3.1m (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Jazz Conservatory Inc 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 90th percentile within CA. Charities of a similar size with the same main cause include Ebt Foundation Inc ($3.1m), United States Institute for Theatre Technology Inc ($3.2m) and Friends of Levitt Pavilion Denver ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $188k (5.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.8m against liabilities of $2.1m, net assets of $3.7m. It reported 103 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.