Toledo Jazz Festival

Analysis

Toledo Jazz Festival is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 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 June 2024, Toledo Jazz Festival reported income of $122k and spending of $121k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $123k to $122k (-0.8%), an average of -0.8% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Toledo Jazz Festival sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Felix Adler Memorial Association ($122k), Ballet Folklorico Tapatio Non-Profit Corporation ($122k) and Copper Country Community Arts Council ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $4,148 against liabilities of $0, net assets of $4,148.