Suncoast Classic Jazz Inc

Analysis

Suncoast Classic Jazz Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in January 1991, 35 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 December 2023, Suncoast Classic Jazz Inc reported income of $265k and spending of $268k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $205k to $265k (+30%), an average of +14% a year. 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, Suncoast Classic Jazz Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Winter Spring Performing Arts Foundation Inc ($265k), Beyond the Notes Music Festival Inc ($265k) and The Sedalia Center Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. At year end it held assets of $225k against liabilities of $31k, net assets of $194k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.