Clearwater Jazz Holiday Foundation Inc

Analysis

Clearwater Jazz Holiday Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in December 1990, 36 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 December 2022, Clearwater Jazz Holiday Foundation Inc reported income of $1.3m and spending of $1.6m, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $1.3m (-14%), an average of -4.9% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clearwater Jazz Holiday Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Grandville Avenue Arts and Humanities Inc ($1.3m), Enlace Latino NC Inc ($1.3m) and Kern County Museum Foundation ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $185k (12% of expenses). Other salaries and wages came to $62k. At year end it held assets of $904k against liabilities of $163k, net assets of $741k. It reported 2 employees.