Los Angeles Jazz Society

Analysis

Los Angeles Jazz Society is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. 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 December 2023, Los Angeles Jazz Society reported income of $257k and spending of $213k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $257k (+107%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Jazz Society sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Methodist Retirement Homes of Kentucky Inc ($257k), Westerville Symphony at Otterbein University ($257k) and Virginia Congress of Parents and Teachers ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $312k against liabilities of $0, net assets of $312k.