Colajazz Foundation

Analysis

Colajazz Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 2020, 6 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, Colajazz Foundation reported income of $307k and spending of $279k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $307k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colajazz Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Coalition for Good Governance ($306k), More Than Music Inc ($307k) and Hammond Museum Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $45k (16% of expenses). At year end it held assets of $99k against liabilities of $0, net assets of $99k. It reported 1 employees.