Scranton Jazz Festival

Analysis

Scranton Jazz Festival is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in February 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 (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, Scranton Jazz Festival reported income of $99k and spending of $78k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $99k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 247%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scranton Jazz Festival sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Park Center Ltd ($99k), East Bay Media Center ($99k) and Love City Pan Dragons and Baby Dragons Youth Steel Orchestra ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $127k against liabilities of $0, net assets of $127k.