Jazz Academy Of Music Inc
EIN: 510431430 · Silver Spring, MD · NTEE: A6C
Is Jazz Academy Of Music Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jazz Academy Of Music Inc
Jazz Academy Of Music Inc (EIN: 510431430) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code A6C. The organization reported total revenue of $350K and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jazz Academy Of Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Jazz Academy Of Music 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 Jazz Academy Of Music 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.
Frequently Asked Questions about Jazz Academy Of Music Inc
Is Jazz Academy Of Music Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jazz Academy Of Music Inc (EIN: 510431430) insufficient data. 0 red flags identified, 0 strengths noted.
How does Jazz Academy Of Music Inc spend its money?
Detailed spending breakdown data is not yet available for Jazz Academy Of Music Inc. Check back for updated IRS 990 analysis.
Are donations to Jazz Academy Of Music Inc tax-deductible?
Jazz Academy Of Music Inc is registered as a tax-exempt nonprofit (EIN: 510431430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Jazz Academy Of Music Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jazz Academy Of Music Inc's revenue has grown by 35.5%, moving from $175K to $238K. Total assets increased by 93% over the same period, from $31K to $61K. Total functional expenses rose by 40.4%, from $168K to $236K. In its most recent filing year (2023), Jazz Academy Of Music Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $93K in liabilities against $61K in assets (debt-to-asset ratio: 153.1%), resulting in net assets of $-32,303.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $238K | $236K | $61K | $93K | — | — |
| 2022 | $205K | $177K | $64K | $99K | — | View 990 |
| 2021 | $110K | $80K | $71K | $107K | — | View 990 |
| 2020 | $161K | $237K | $77K | $131K | — | View 990 |
| 2019 | $211K | $185K | $24K | $0 | — | View 990 |
| 2018 | $220K | $202K | $32K | $0 | — | View 990 |
| 2017 | $236K | $218K | $14K | $-608 | — | View 990 |
| 2016 | $240K | $246K | $12K | $16K | — | View 990 |
| 2015 | $252K | $261K | $21K | $18K | — | View 990 |
| 2014 | $228K | $220K | $36K | $23K | — | View 990 |
| 2013 | $211K | $215K | $26K | $20K | — | View 990 |
| 2012 | $193K | $204K | $21K | $11K | — | View 990 |
| 2011 | $175K | $168K | $31K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $238K, expenses of $236K, and assets of $61K (revenue +16.0% year-over-year).
- 2022: Revenue of $205K, expenses of $177K, and assets of $64K (revenue +85.4% year-over-year).
- 2021: Revenue of $110K, expenses of $80K, and assets of $71K (revenue -31.6% year-over-year).
- 2020: Revenue of $161K, expenses of $237K, and assets of $77K (revenue -23.5% year-over-year).
- 2019: Revenue of $211K, expenses of $185K, and assets of $24K (revenue -4.1% year-over-year).
- 2018: Revenue of $220K, expenses of $202K, and assets of $32K (revenue -6.9% year-over-year).
- 2017: Revenue of $236K, expenses of $218K, and assets of $14K (revenue -1.6% year-over-year).
- 2016: Revenue of $240K, expenses of $246K, and assets of $12K (revenue -4.9% year-over-year).
- 2015: Revenue of $252K, expenses of $261K, and assets of $21K (revenue +10.7% year-over-year).
- 2014: Revenue of $228K, expenses of $220K, and assets of $36K (revenue +8.2% year-over-year).
- 2013: Revenue of $211K, expenses of $215K, and assets of $26K (revenue +9.2% year-over-year).
- 2012: Revenue of $193K, expenses of $204K, and assets of $21K (revenue +10.1% year-over-year).
- 2011: Revenue of $175K, expenses of $168K, and assets of $31K.
Data Sources and Methodology
This transparency report for Jazz Academy Of Music 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.