Knoxville Jazz Orchestra

Analysis

Knoxville Jazz Orchestra is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Knoxville Jazz Orchestra reported income of $339k and spending of $331k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $233k to $339k (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knoxville Jazz Orchestra sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Fifty Over Fifty Inc ($338k), Quincy Medical Group Healthcare Foundation ($339k) and United Way of the Bradford Area Inc ($338k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 55% of the total. Other salaries and wages came to $54k. At year end it held assets of $274k against liabilities of $2,653, net assets of $271k. It reported 1 employees.