Cambridge Jazz Festival

Analysis

Cambridge Jazz Festival is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 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, Cambridge Jazz Festival reported income of $246k and spending of $160k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $246k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cambridge Jazz Festival sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Franklin Street Arts Collective ($246k), Chisholm Trail Heritage Center Association ($246k) and Massachusetts State Police Museum and Learning Center Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.