Jazz Bridge Project Inc

Analysis

Jazz Bridge Project Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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, Jazz Bridge Project Inc reported income of $100k and spending of $94k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $155k to $100k (-35%), an average of -10% a year. The sharpest change came in the year to September 2020, when income dropped by 36%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jazz Bridge Project Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Bethel Area Arts & Music ($100k), Contemplace ($100k) and Scituate Soccer Club Inc ($100k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 12% of the total. Other salaries and wages came to $35k. At year end it held assets of $141k against liabilities of $2,569, net assets of $138k. It reported 2 employees.