Jazz in Arizona Inc

Analysis

Jazz in Arizona Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1977, 49 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 June 2023, Jazz in Arizona Inc reported income of $1.1m and spending of $1.3m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $808k to $1.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 87% 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 in Arizona Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Theatrical Arts at Forestburgh Inc ($1.1m), Wave Foundation Inc ($1.1m) and Conococheague Institute for the Study of Cultural Heritage ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $85k (6.3% of expenses). Other salaries and wages came to $369k. At year end it held assets of $1.4m against liabilities of $571k, net assets of $839k. It reported 9 employees.