South Carolina Jazz Foundation

Analysis

South Carolina Jazz Foundation is a registered charity in United States, based in Irmo, SC. It received its IRS tax-exemption ruling in September 2018, 8 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, South Carolina Jazz Foundation reported income of $116k and spending of $70k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $116k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Carolina Jazz Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Folk Heritage Association of Macon ($116k), Crystal Mountain Center for the Peforming Arts ($116k) and Groove City Black Heritage & Culture Group Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 73% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.