Chicago Jazz Philharmonic
Chicago Jazz Philharmonic shows fluctuating revenue and expenses, with recent deficit spending but no officer compensation.
EIN: 201058117 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $919K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $829K |
| Transparency Score | 85/100 |
Is Chicago Jazz Philharmonic Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chicago Jazz Philharmonic directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chicago Jazz Philharmonic
Chicago Jazz Philharmonic (EIN: 201058117) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $1.0M and total assets of $757K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Jazz Philharmonic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Jazz Philharmonic is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $729K |
| Total Expenses | $919K |
| Surplus / Deficit | $-190,872 |
| Total Assets | $946K |
| Total Liabilities | $117K |
| Net Assets | $829K |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 12.3% |
| Months of Reserves | 12.3 months |
Financial Health Grade: B
In 2023, Chicago Jazz Philharmonic reported a deficit of $191K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chicago Jazz Philharmonic's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.1% | +29.8% | -20.3% |
| 2022 | +123.1% | +41.8% | +69.9% |
| 2021 | -4.1% | -27.6% | +14.1% |
| 2020 | -31.3% | -17.1% | -9.9% |
| 2019 | +56.3% | +8.1% | +165.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chicago Jazz Philharmonic with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Chicago Jazz Philharmonic allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $191K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $1 million in annual revenue and suggests a strong volunteer-led or externally funded leadership model, which is a significant positive for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chicago Jazz Philharmonic's IRS 990 filings:
- Inconsistent financial performance with several years of expenses exceeding revenue (e.g., $919,397 expenses vs. $728,525 revenue in 2023).
- Significant year-over-year fluctuations in revenue and expenses, making long-term financial planning appear less stable.
Strengths
The following positive indicators were identified for Chicago Jazz Philharmonic:
- Consistent 0% officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong growth in net assets over the past decade, from $104,515 in 2015 to $945,610 in 2023.
- Ability to generate over $1 million in revenue in multiple years (e.g., $1,326,563 in 2022).
Frequently Asked Questions about Chicago Jazz Philharmonic
Is Chicago Jazz Philharmonic a legitimate charity?
Chicago Jazz Philharmonic (EIN: 201058117) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Chicago Jazz Philharmonic spend its money?
Chicago Jazz Philharmonic directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Chicago Jazz Philharmonic tax-deductible?
Chicago Jazz Philharmonic is registered as a tax-exempt nonprofit (EIN: 201058117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chicago Jazz Philharmonic CEO make?
Chicago Jazz Philharmonic's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chicago Jazz Philharmonic's spending goes to programs?
Chicago Jazz Philharmonic directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Chicago Jazz Philharmonic located?
Chicago Jazz Philharmonic is headquartered in Chicago, Illinois and files with the IRS under EIN 201058117.
How many years of IRS 990 filings does Chicago Jazz Philharmonic have?
Chicago Jazz Philharmonic has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Is Chicago Jazz Philharmonic a good charity?
Based on the available data, Chicago Jazz Philharmonic appears to be a good charity, particularly due to its consistent 0% officer compensation, indicating a strong commitment to mission-focused spending. While it has experienced periods of deficit spending, its overall asset growth and lack of executive salaries are positive indicators.
How has Chicago Jazz Philharmonic's financial health changed over time?
Chicago Jazz Philharmonic's financial health has fluctuated. It saw significant revenue growth and asset accumulation, peaking in 2022 with $1,326,563 in revenue and $1,186,400 in assets. However, it has also experienced several years of expenses exceeding revenue, including a $190,872 deficit in 2023.
What is the trend in Chicago Jazz Philharmonic's assets?
Chicago Jazz Philharmonic's assets have shown a strong upward trend over the past decade, growing from $104,515 in 2015 to $945,610 in 2023, with a peak of $1,186,400 in 2022. This indicates effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Chicago Jazz Philharmonic showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chicago Jazz Philharmonic's revenue has grown by 197.9%, moving from $245K to $729K. Total assets increased by 698.3% over the same period, from $118K to $946K. Total functional expenses rose by 225.3%, from $283K to $919K. In its most recent filing year (2023), Chicago Jazz Philharmonic reported a deficit of $191K, with expenses exceeding revenue. The organization holds $117K in liabilities against $946K in assets (debt-to-asset ratio: 12.3%), resulting in net assets of $829K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $729K | $919K | $946K | $117K | — | View 990 |
| 2022 | $1.3M | $708K | $1.2M | $167K | — | View 990 |
| 2021 | $595K | $500K | $698K | $297K | — | View 990 |
| 2020 | $620K | $691K | $612K | $360K | — | View 990 |
| 2019 | $903K | $833K | $679K | $357K | — | View 990 |
| 2018 | $578K | $771K | $256K | $4K | — | View 990 |
| 2017 | $813K | $743K | $456K | $11K | — | View 990 |
| 2016 | $980K | $676K | $387K | $11K | — | View 990 |
| 2015 | $670K | $717K | $105K | $32K | — | View 990 |
| 2014 | $494K | $474K | $136K | $16K | — | View 990 |
| 2013 | $535K | $550K | $121K | $20K | — | View 990 |
| 2012 | $489K | $486K | $121K | $6K | — | View 990 |
| 2011 | $245K | $283K | $118K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $729K, expenses of $919K, and assets of $946K (revenue -45.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $708K, and assets of $1.2M (revenue +123.1% year-over-year).
- 2021: Revenue of $595K, expenses of $500K, and assets of $698K (revenue -4.1% year-over-year).
- 2020: Revenue of $620K, expenses of $691K, and assets of $612K (revenue -31.3% year-over-year).
- 2019: Revenue of $903K, expenses of $833K, and assets of $679K (revenue +56.3% year-over-year).
- 2018: Revenue of $578K, expenses of $771K, and assets of $256K (revenue -28.9% year-over-year).
- 2017: Revenue of $813K, expenses of $743K, and assets of $456K (revenue -17.0% year-over-year).
- 2016: Revenue of $980K, expenses of $676K, and assets of $387K (revenue +46.3% year-over-year).
- 2015: Revenue of $670K, expenses of $717K, and assets of $105K (revenue +35.5% year-over-year).
- 2014: Revenue of $494K, expenses of $474K, and assets of $136K (revenue -7.6% year-over-year).
- 2013: Revenue of $535K, expenses of $550K, and assets of $121K (revenue +9.5% year-over-year).
- 2012: Revenue of $489K, expenses of $486K, and assets of $121K (revenue +99.8% year-over-year).
- 2011: Revenue of $245K, expenses of $283K, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Jazz Philharmonic:
Data Sources and Methodology
This transparency report for Chicago Jazz Philharmonic is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.