Charleston Jazz

Analysis

Charleston Jazz is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in March 2010, 16 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, Charleston Jazz reported income of $1.4m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charleston Jazz sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Opera Naples Inc ($1.4m), Basis Research Institute ($1.4m) and Colorado Springs Pioneers Museum ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $103k (7.4% of expenses). Other salaries and wages came to $275k. At year end it held assets of $516k against liabilities of $125k, net assets of $391k. It reported 7 employees.