Jacksonville Arts and Music School

Analysis

Jacksonville Arts and Music School is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 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 June 2024, Jacksonville Arts and Music School reported income of $1.5m and spending of $1.3m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $506k to $1.5m (+187%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jacksonville Arts and Music School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Gamble House Conservancy ($1.5m), Unusual Suspects Theatre Co ($1.5m) and President Lincolns Cottage at the Soldiers Home ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $440k (33% of expenses). At year end it held assets of $1.4m against liabilities of $262k, net assets of $1.1m. It reported 9 employees.