Jazz in January Inc

Analysis

Jazz in January Inc is a registered charity in United States, based in Tucson, AZ. 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 March 2023, Jazz in January Inc reported income of $444k and spending of $469k, spending 106% of what it took in. Across the 3 years on record, from June 2020 to March 2023, income fell from $566k to $444k (-22%), an average of -11% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz in January Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include New Literary Project ($444k), Santa Barbara Community Youth Performing Arts Center ($444k) and Opportunity Music Project Inc ($444k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $292k against liabilities of $2,236, net assets of $290k.