Sacramento Jazz Education Foundation

Analysis

Sacramento Jazz Education Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 1997, 29 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, Sacramento Jazz Education Foundation reported income of $193k and spending of $279k, spending 145% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $161k to $193k (+20%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income dropped by 63%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sacramento Jazz Education Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Guardians of Sound Inc ($193k), Bravura Philharmonic Orchestra ($193k) and Evotek Giving Foundation Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $35k (12% of expenses). Other salaries and wages came to $3,210. At year end it held assets of $1.4m against liabilities of $2,605, net assets of $1.4m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.