San Jose Jazz

Analysis

San Jose Jazz is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 1988, 38 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 March 2023, San Jose Jazz reported income of $3.1m and spending of $3.2m, spending 101% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.8m to $3.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to March 2022, when income rose by 213%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Jose Jazz sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Community Energy Project Inc ($3.1m), Minnesota Housing Partnership ($3.1m) and Vermont Association for the Blind and Visually Impaired Inc ($3.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $150k (4.7% of expenses). Other salaries and wages came to $837k. At year end it held assets of $2.1m against liabilities of $81k, net assets of $2.0m. It reported 117 employees.