Les Demerle Amelia Island Jazz Festival Inc

Analysis

Les Demerle Amelia Island Jazz Festival Inc is a registered charity in United States, based in Fern BCH, FL. It received its IRS tax-exemption ruling in August 2007, 19 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 2023, Les Demerle Amelia Island Jazz Festival Inc reported income of $185k and spending of $153k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $185k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Les Demerle Amelia Island Jazz Festival Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Friends of Aaca ($185k), Razorcake-Gorsky Inc ($185k) and Cadiz Community Arts Center Inc ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.