The West Texas Jazz Society Inc

Analysis

The West Texas Jazz Society Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2023, The West Texas Jazz Society Inc reported income of $188k and spending of $177k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $188k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The West Texas Jazz Society Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Turnaround Life ($188k), New York Council of Defence Lawyers Educational Services Inc ($188k) and Good City Mentors ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $204k against liabilities of $70k, net assets of $134k.