The Jazz Loft Inc

Analysis

The Jazz Loft Inc is a registered charity in United States, based in Stony Brook, NY. It received its IRS tax-exemption ruling in September 2017, 9 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, The Jazz Loft Inc reported income of $739k and spending of $587k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $739k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Jazz Loft Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Tri-State Public Communications Inc ($739k), Visionaries and Voices ($739k) and Coronado Historical Association ($739k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $111k (19% of expenses). At year end it held assets of $686k against liabilities of $44k, net assets of $641k. It reported 1 employees.