Kuumbwa Jazz Society

Analysis

Kuumbwa Jazz Society is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in September 1975, 51 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, Kuumbwa Jazz Society reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 33%. 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, Kuumbwa Jazz Society sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Taca Inc ($2.0m), Westwood Village Improvement Assn ($2.0m) and Foundation for Minority Interests in Media Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $328k (18% of expenses). Other salaries and wages came to $379k. At year end it held assets of $3.8m against liabilities of $1.1m, net assets of $2.7m. It reported 43 employees.