Eubie Blake National Jazz Institute and Cultural Center Inc

Analysis

Eubie Blake National Jazz Institute and Cultural Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1994, 32 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 September 2022, Eubie Blake National Jazz Institute and Cultural Center Inc reported income of $1.0m and spending of $256k, leaving 75% of income unspent that year. Across the 4 years on record, from September 2019 to September 2022, income grew from $72k to $1.0m (+1330%), an average of +143% a year. The sharpest change came in the year to September 2022, when income rose by 736%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eubie Blake National Jazz Institute and Cultural Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Childrens Museum of Oak Park Inc ($1.0m), Turtle Creek Chorale Inc ($1.0m) and Manzanita House ($1.0m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $19k (7.3% of expenses). Other salaries and wages came to $97k. At year end it held assets of $2.1m against liabilities of $1,630, net assets of $2.0m. It reported 2 employees.