Jax Beach Festivals Inc
EIN: 593293739 · Jax Bch, FL · NTEE: N99
| Metric | Value |
|---|---|
| Total Revenue | $576K |
| Total Expenses | $509K |
| Net Assets | $447K |
Is Jax Beach Festivals Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jax Beach Festivals Inc
Jax Beach Festivals Inc (EIN: 593293739) is a nonprofit organization based in Jax Bch, FL, classified under NTEE code N99. The organization reported total revenue of $576K and total assets of $497K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jax Beach Festivals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jax Beach Festivals Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $585K |
| Total Expenses | $509K |
| Surplus / Deficit | +$76K |
| Total Assets | $447K |
| Net Assets | $447K |
| Operating Margin | 13.0% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Jax Beach Festivals Inc reported a surplus of $76K with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Jax Beach Festivals Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | +1.8% | +20.5% |
| 2022 | +302.2% | +286.9% | +33.2% |
| 2021 | -43.2% | -58.5% | +6.9% |
| 2020 | -54.5% | -45.1% | -16.6% |
| 2019 | +24.1% | +17.5% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Jax Beach Festivals Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jax Beach Festivals Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $76K, with revenue exceeding expenses.
Frequently Asked Questions about Jax Beach Festivals Inc
Is Jax Beach Festivals Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jax Beach Festivals Inc (EIN: 593293739) insufficient data. 0 red flags identified, 0 strengths noted.
How does Jax Beach Festivals Inc spend its money?
Detailed spending breakdown data is not yet available for Jax Beach Festivals Inc. Check back for updated IRS 990 analysis.
Are donations to Jax Beach Festivals Inc tax-deductible?
Jax Beach Festivals Inc is registered as a tax-exempt nonprofit (EIN: 593293739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jax Beach Festivals Inc located?
Jax Beach Festivals Inc is headquartered in Jax Bch, Florida and files with the IRS under EIN 593293739. It is classified under NTEE code N99.
How many years of IRS 990 filings does Jax Beach Festivals Inc have?
Jax Beach Festivals Inc 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 $576K in total revenue.
Filing History
IRS 990 filing history for Jax Beach Festivals Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jax Beach Festivals Inc's revenue has grown by 62.2%, moving from $361K to $585K. Total assets increased by 79.5% over the same period, from $249K to $447K. Total functional expenses rose by 57.1%, from $324K to $509K. In its most recent filing year (2023), Jax Beach Festivals Inc reported a surplus of $76K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $585K | $509K | $447K | $0 | — | — |
| 2022 | $592K | $500K | $371K | $0 | — | View 990 |
| 2021 | $147K | $129K | $278K | $0 | — | View 990 |
| 2020 | $259K | $311K | $260K | $0 | — | — |
| 2019 | $569K | $566K | $312K | $0 | — | — |
| 2018 | $459K | $482K | $309K | $0 | — | View 990 |
| 2017 | $668K | $558K | $399K | $0 | — | View 990 |
| 2016 | $564K | $442K | $349K | $0 | — | View 990 |
| 2015 | $540K | $510K | $306K | $0 | — | View 990 |
| 2014 | $378K | $337K | $275K | $0 | — | View 990 |
| 2013 | $402K | $410K | $235K | $0 | — | View 990 |
| 2012 | $276K | $289K | $235K | $0 | — | View 990 |
| 2011 | $361K | $324K | $249K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $585K, expenses of $509K, and assets of $447K (revenue -1.3% year-over-year).
- 2022: Revenue of $592K, expenses of $500K, and assets of $371K (revenue +302.2% year-over-year).
- 2021: Revenue of $147K, expenses of $129K, and assets of $278K (revenue -43.2% year-over-year).
- 2020: Revenue of $259K, expenses of $311K, and assets of $260K (revenue -54.5% year-over-year).
- 2019: Revenue of $569K, expenses of $566K, and assets of $312K (revenue +24.1% year-over-year).
- 2018: Revenue of $459K, expenses of $482K, and assets of $309K (revenue -31.4% year-over-year).
- 2017: Revenue of $668K, expenses of $558K, and assets of $399K (revenue +18.4% year-over-year).
- 2016: Revenue of $564K, expenses of $442K, and assets of $349K (revenue +4.6% year-over-year).
- 2015: Revenue of $540K, expenses of $510K, and assets of $306K (revenue +42.8% year-over-year).
- 2014: Revenue of $378K, expenses of $337K, and assets of $275K (revenue -5.9% year-over-year).
- 2013: Revenue of $402K, expenses of $410K, and assets of $235K (revenue +45.6% year-over-year).
- 2012: Revenue of $276K, expenses of $289K, and assets of $235K (revenue -23.5% year-over-year).
- 2011: Revenue of $361K, expenses of $324K, and assets of $249K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jax Beach Festivals Inc:
Data Sources and Methodology
This transparency report for Jax Beach Festivals Inc 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.