Stowe Jazz Festival Ltd

Analysis

Stowe Jazz Festival Ltd is a registered charity in United States, based in Stowe, VT. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 October 2023, Stowe Jazz Festival Ltd reported income of $173k and spending of $168k, spending 97% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $113k to $173k (+53%), an average of +11% a year. The sharpest change came in the year to October 2022, when income rose by 283%. Over the whole period it spent 139% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stowe Jazz Festival Ltd sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 42nd percentile within VT. Charities of a similar size with the same main cause include Pearland Juniors Volleyball Club ($173k), The Spring-Klein Girls Softball League ($173k) and Pickerington Travel Baseball Organization ($173k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $170k, net assets of -$144k.