North Carolina Jazz Festival Inc

Analysis

North Carolina Jazz Festival Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 December 2023, North Carolina Jazz Festival Inc reported income of $113k and spending of $93k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $30k to $113k (+275%), an average of +274% a year. The sharpest change came in the year to December 2023, when income rose by 275%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Jazz Festival Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Junior Art & Music ($113k), Georgia Extension 4-H Foundation ($113k) and The John Douglas French Alzheimers Foundation ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. At year end it held assets of $117k against liabilities of $7,396, net assets of $109k.