Foundation to Advance Jazz

Analysis

Foundation to Advance Jazz is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, Foundation to Advance Jazz reported income of $489k and spending of $416k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $489k (+118%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation to Advance Jazz sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Revere Community Media Center ($489k), Josephy Center for Arts and Culture ($489k) and Hartford Public Access Television Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $98k (24% of expenses). At year end it held assets of $333k against liabilities of $94k, net assets of $239k. It reported 1 employees.