Leejazzomega Incorporated

Analysis

Leejazzomega Incorporated is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in March 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 (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, Leejazzomega Incorporated reported income of $504k and spending of $277k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $383k to $504k (+32%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leejazzomega Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Sacred Fools Theater ($504k), Friends of the International Chinese Snuff Bottle Society Inc ($504k) and Science Zone ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). At year end it held assets of $312k against liabilities of $1,400, net assets of $311k.