Jazz Passengers Music Projects

Analysis

Jazz Passengers Music Projects is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Jazz Passengers Music Projects reported income of $112k and spending of $111k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $112k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 92% 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 Passengers Music Projects sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Venango Museum of Art Science and Industry ($112k), Robert a Taft Institute of Government ($112k) and Friends of Bafta US Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $35k against liabilities of $9,900, net assets of $25k.