True Blue Jazz Inc

Analysis

True Blue Jazz Inc is a registered charity in United States, based in Lewes, DE. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, True Blue Jazz Inc reported income of $184k and spending of $191k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $184k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, True Blue Jazz Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 47th percentile within DE. Charities of a similar size with the same main cause include Del Shores Foundation Inc ($184k), Seymour Oktoberfest Inc ($184k) and Soul Food Cypher Inc ($184k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,913 against liabilities of $42k, net assets of -$40k.