Jazz Society of Pensacola Inc

Analysis

Jazz Society of Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 2024, Jazz Society of Pensacola Inc reported income of $94k and spending of $121k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $65k to $94k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jazz Society of Pensacola Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Fob Rasor ($94k), Little Flower Home Inc ($94k) and The Plant High School Academic Foundation Inc ($94k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 19% of the total. At year end it held assets of $47k against liabilities of $2,107, net assets of $45k.