Milwaukee Jazz Institute Inc

Analysis

Milwaukee Jazz Institute Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 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, Milwaukee Jazz Institute Inc reported income of $241k and spending of $235k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $120k to $241k (+100%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Milwaukee Jazz Institute Inc 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 57th percentile, and in the 57th percentile within WI. Charities of a similar size with the same main cause include Swift Museum Foundation Inc ($240k), Tara Circle Inc ($241k) and Friends of John Slade Ely House of Contemporary Art ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $50k (21% of expenses). At year end it held assets of $98k against liabilities of $3, net assets of $98k.