The Jam Session Inc

Analysis

The Jam Session Inc is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. 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, The Jam Session Inc reported income of $214k and spending of $212k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $278k to $214k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Jam Session Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include The Helping Hand of Humboldt Inc ($214k), Pop Warner Little Scholars Inc ($214k) and Fox Lake Conservation League Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $38k (18% of expenses). At year end it held assets of $25k against liabilities of $2,624, net assets of $22k.