Coastal Jazz Association Inc

Analysis

Coastal Jazz Association Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2023, Coastal Jazz Association Inc reported income of $411k and spending of $433k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $270k to $411k (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, Coastal Jazz Association Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Gina Bachauer International Piano Foundation ($411k), Eldridge Park Carousel Preservation Socity Inc ($411k) and Raga Massive Inc ($411k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $74k (17% of expenses). At year end it held assets of $126k against liabilities of $24k, net assets of $102k.