Jazz House Kids Inc

Analysis

Jazz House Kids Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jazz House Kids Inc reported income of $4.7m and spending of $4.5m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $4.7m (+143%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz House Kids Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Education and Research Consortium of Western North Carolina ($4.7m), Neighborhood Music School Inc ($4.7m) and Palm Springs Plaza Theatre Foundation ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $115k (2.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $894k, net assets of $588k. It reported 24 employees.