Colorado Conservatory for the Jazz Arts

Analysis

Colorado Conservatory for the Jazz Arts is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Colorado Conservatory for the Jazz Arts reported income of $339k and spending of $365k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $245k to $339k (+39%), an average of +8.5% a year. The sharpest change came in the year to August 2023, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Colorado Conservatory for the Jazz Arts sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Quincy Medical Group Healthcare Foundation ($339k), American Friends of Midreshet Harova ($339k) and Knoxville Jazz Orchestra ($339k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $81k (22% of expenses). Other salaries and wages came to $51k. At year end it held assets of $72k against liabilities of $6,045, net assets of $66k. It reported 7 employees.