Healdsburg Jazz Festival Inc

Analysis

Healdsburg Jazz Festival Inc is a registered charity in United States, based in Healdsburg, CA. It received its IRS tax-exemption ruling in May 2003, 23 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 September 2023, Healdsburg Jazz Festival Inc reported income of $1.0m and spending of $885k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $699k to $1.0m (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Healdsburg Jazz Festival Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Mobius Spokane ($1.0m), American Institute for Behavioral Research and Technology ($1.0m) and Wisdom of the Elders Incorporated ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $168k (19% of expenses). Other salaries and wages came to $70k. It paid $16k in professional fundraising fees. At year end it held assets of $470k against liabilities of $19k, net assets of $450k. It reported 4 employees.