Jazz Club of Sarasota Inc

Analysis

Jazz Club of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1981, 45 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 August 2023, Jazz Club of Sarasota Inc reported income of $558k and spending of $549k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $310k to $558k (+80%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 205%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz Club of Sarasota Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include The Alliance for Media Arts - Culture Inc ($558k), Cmcarts Inc ($559k) and Papagayo ($558k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $30k. At year end it held assets of $122k against liabilities of $60k, net assets of $62k. It reported 1 employees.