Jazz at Aspen-Snowmass

Analysis

Jazz at Aspen-Snowmass is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in March 1993, 33 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 September 2023, Jazz at Aspen-Snowmass reported income of $21.2m and spending of $13.7m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income grew from $10.2m to $21.2m (+107%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 297%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz at Aspen-Snowmass sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Friends of the High Line Inc ($21.0m), Ballet West ($21.2m) and Atlanta Educational Telecommunications Collaborative ($20.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Other salaries and wages came to $928k. At year end it held assets of $17.7m against liabilities of $2.3m, net assets of $15.4m. It reported 144 employees.