Demiero Jazz Festival

Analysis

Demiero Jazz Festival is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in August 2007, 19 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 2024, Demiero Jazz Festival reported income of $59k and spending of $55k, spending 93% of its income. Across the 3 years on record, from June 2021 to June 2024, income grew from $50k to $59k (+18%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 31%. 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, Demiero Jazz Festival sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include Cathedral Park Performing Arts Collective ($59k), Kallion Leadership ($59k) and Shooting Star Productions ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 49% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.