Montavilla Jazz Festival

Analysis

Montavilla Jazz Festival is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 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, Montavilla Jazz Festival reported income of $119k and spending of $168k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $152k to $119k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Montavilla Jazz Festival sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OR. Charities of a similar size with the same main cause include Friends of the Venice Public Library Inc ($119k), New York Telangana Telugu Association Inc ($119k) and Squiers Point Historians of Lebanon Township Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 19% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.