Alabama June Jam Inc

Analysis

Alabama June Jam Inc is a registered charity in United States, based in Fort Payne, AL. It received its IRS tax-exemption ruling in January 1983, 43 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 June 2023, Alabama June Jam Inc reported income of $104k and spending of $178k, spending 172% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $152k to $104k (-32%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alabama June Jam Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within AL. Charities of a similar size with the same main cause include Music From China Inc ($104k), Hanford Drama Booster Club ($104k) and Historic Fourth Avenue Coalition ($103k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.