The Jazz Bakery Performance Space

Analysis

The Jazz Bakery Performance Space is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in October 1993, 33 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 December 2023, The Jazz Bakery Performance Space reported income of $223k and spending of $222k, spending 99% of its income. Across the 4 years on record, from December 2018 to December 2023, income fell from $663k to $223k (-66%), an average of -30% a year. The sharpest change came in the year to December 2019, when income dropped by 42%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Jazz Bakery Performance Space sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Sing for America Foundation ($223k), Little Rock Air Force Base Historical Foundation Inc ($223k) and Music Coop ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $46k (21% of expenses). Other salaries and wages came to $11k. It paid $24k in professional fundraising fees. At year end it held assets of $141k against liabilities of $11k, net assets of $130k. It reported 2 employees.