Selby Avenue Jazzfest

Analysis

Selby Avenue Jazzfest is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2016, 10 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, Selby Avenue Jazzfest reported income of $93k and spending of $108k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $93k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Selby Avenue Jazzfest sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Toppenish Mural Society ($93k), Emmet County Historical Society ($93k) and Shenandoah Arts Council Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.