Florida Smooth Jazz Foundation Inc

Analysis

Florida Smooth Jazz Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in March 2006, 20 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 2022, Florida Smooth Jazz Foundation Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.6m (+42%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Smooth Jazz Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Broadway Theatre League of Ne Pa ($1.6m), Danish Immigrant Museum ($1.6m) and Preservation Chicago NFP ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $823k against liabilities of $115k, net assets of $709k.