Earshot Jazz Society of Seattle

Analysis

Earshot Jazz Society of Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 1987, 39 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, Earshot Jazz Society of Seattle reported income of $1.0m and spending of $972k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $1.0m (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Earshot Jazz Society of Seattle sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Historic St Lukes Restoration ($1.0m), Peace Corps Foundation ($1.0m) and Ballet Palm Beach Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $77k (7.9% of expenses). Other salaries and wages came to $169k. It paid $1,415 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $552k, net assets of $1.3m. It reported 4 employees.