Generations in Jazz Foundation

Analysis

Generations in Jazz Foundation is a registered charity in United States, based in Lafayette, CA. It received its IRS tax-exemption ruling in July 2003, 23 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, Generations in Jazz Foundation reported income of $319k and spending of $274k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $254k to $319k (+25%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 45%. 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, Generations in Jazz Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Geochemical Society ($319k), St Croix Falls Festival Theatre ($319k) and Danzantes Unidos de California ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $305k against liabilities of $32k, net assets of $273k.