American Jazz Museum

Analysis

American Jazz Museum is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in November 2002, 24 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 April 2024, American Jazz Museum reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $1.5m to $2.2m (+40%), an average of +6.9% a year. The sharpest change came in the year to April 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Jazz Museum sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Clatsop County Historical Society Inc ($2.2m), Plymouth Area Community Access Television Inc ($2.2m) and Ethiopian Community in Seattle ($2.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 60% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $133k (6.0% of expenses). Other salaries and wages came to $850k. At year end it held assets of $1.3m against liabilities of $124k, net assets of $1.2m. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.