Dc Jazz Festival
DC Jazz Festival shows consistent revenue growth and 0% reported officer compensation, indicating strong program focus.
EIN: 201799842 · Washington, DC · NTEE: A68 · Updated: 2026-03-28
Is Dc Jazz Festival Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dc Jazz Festival directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dc Jazz Festival
Dc Jazz Festival (EIN: 201799842) is a nonprofit organization based in Washington, DC, classified under NTEE code A68. The organization reported total revenue of $3.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dc Jazz Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dc Jazz Festival is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$2K |
| Total Assets | $664K |
| Total Liabilities | $118K |
| Net Assets | $546K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 17.8% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Dc Jazz Festival reported a surplus of $2K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 17.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Dc Jazz Festival's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.1% | +29.3% | +2.0% |
| 2022 | +16.3% | +12.3% | +27.8% |
| 2021 | +48.8% | +74.0% | +4.7% |
| 2020 | -47.3% | -52.6% | +43.3% |
| 2019 | +35.4% | +34.3% | +37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Dc Jazz Festival with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Dc Jazz Festival allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either a fully volunteer executive leadership or that executive compensation is reported under other expense categories, which could impact transparency.
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 Dc Jazz Festival's IRS 990 filings:
- Consistent 0% reported officer compensation, which is unusual for an organization of this scale and could indicate a lack of transparency in reporting executive pay or an unsustainable reliance on volunteer leadership at the highest levels.
Strengths
The following positive indicators were identified for Dc Jazz Festival:
- Strong and consistent revenue growth, nearly doubling from $1,002,894 in 2020 to $2,154,998 in 2023.
- High program spending efficiency, with expenses closely matching revenue, indicating funds are directly applied to mission.
- Consistent asset growth, from $486,694 in 2020 to $664,279 in 2023, strengthening the organization's financial foundation.
- Low liabilities relative to assets, indicating sound financial management and minimal debt burden.
Frequently Asked Questions about Dc Jazz Festival
Is Dc Jazz Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Dc Jazz Festival (EIN: 201799842) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Dc Jazz Festival spend its money?
Dc Jazz Festival directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dc Jazz Festival tax-deductible?
Dc Jazz Festival is registered as a tax-exempt nonprofit (EIN: 201799842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does DC Jazz Festival manage to report 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean executive leadership is entirely volunteer, or compensation is categorized differently, which would warrant further investigation for complete transparency.
Is the DC Jazz Festival financially stable given its small surplus?
While the surplus is small (e.g., $1,845 in 2023), the consistent growth in revenue and assets, along with a history of covering expenses, suggests operational stability. The small surplus indicates efficient spending rather than accumulating large reserves.
What is the trend in the organization's assets and liabilities?
Assets have shown consistent growth, from $486,694 in 2020 to $664,279 in 2023. Liabilities have remained relatively low and manageable, indicating good financial health and limited debt.
Filing History
IRS 990 filing history for Dc Jazz Festival showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Dc Jazz Festival's revenue has grown by 165.5%, moving from $812K to $2.2M. Total assets increased by 1897.2% over the same period, from $33K to $664K. Total functional expenses rose by 165.7%, from $810K to $2.2M. In its most recent filing year (2023), Dc Jazz Festival reported a surplus of $2K, with revenue exceeding expenses. The organization holds $118K in liabilities against $664K in assets (debt-to-asset ratio: 17.8%), resulting in net assets of $546K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $664K | $118K | — | — |
| 2022 | $1.7M | $1.7M | $651K | $108K | — | View 990 |
| 2021 | $1.5M | $1.5M | $510K | $36K | — | View 990 |
| 2020 | $1.0M | $853K | $487K | $21K | — | — |
| 2019 | $1.9M | $1.8M | $340K | $25K | — | View 990 |
| 2018 | $1.4M | $1.3M | $248K | $36K | — | View 990 |
| 2017 | $1.3M | $1.2M | $161K | $14K | — | View 990 |
| 2016 | $1.2M | $1.2M | $120K | $19K | — | View 990 |
| 2015 | $1.3M | $1.3M | $113K | $27K | — | View 990 |
| 2014 | $1.0M | $1.1M | $84K | $11K | — | View 990 |
| 2013 | $1.0M | $990K | $149K | $14K | — | View 990 |
| 2012 | $736K | $659K | $106K | $10K | — | View 990 |
| 2011 | $1.1M | $1.1M | $74K | $54K | — | View 990 |
| 2010 | $812K | $810K | $33K | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $664K (revenue +24.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $651K (revenue +16.3% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $510K (revenue +48.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $853K, and assets of $487K (revenue -47.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $340K (revenue +35.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $248K (revenue +11.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $161K (revenue +1.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $120K (revenue -1.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $113K (revenue +24.3% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $84K (revenue -0.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $990K, and assets of $149K (revenue +39.9% year-over-year).
- 2012: Revenue of $736K, expenses of $659K, and assets of $106K (revenue -31.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $74K (revenue +31.5% year-over-year).
- 2010: Revenue of $812K, expenses of $810K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dc Jazz Festival:
Data Sources and Methodology
This transparency report for Dc Jazz Festival 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.