Alabama Jazz Hall of Fame Inc

Analysis

Alabama Jazz Hall of Fame Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 1984, 42 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 2023, Alabama Jazz Hall of Fame Inc reported income of $590k and spending of $419k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $354k to $590k (+67%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Jazz Hall of Fame Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include George Hail Library ($590k), Auxiliary of the Lehigh Valley Hospital Center ($590k) and Boston Bruins Alumni Association ($590k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $53k (13% of expenses). Other salaries and wages came to $61k. It paid $11k in professional fundraising fees. At year end it held assets of $812k against liabilities of $37k, net assets of $776k. It reported 2 employees.