Capitol Hill Jazz Foundation

Analysis

Capitol Hill Jazz Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Capitol Hill Jazz Foundation reported income of $181k and spending of $181k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $181k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Capitol Hill Jazz Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 28th percentile within DC. Charities of a similar size with the same main cause include Sonrisas Inc ($181k), Radio Eye Inc ($181k) and Mohawk Valley Collective Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $47k (26% of expenses). At year end it held assets of $2,161 against liabilities of $0, net assets of $2,161.