Jazz Arts Project Inc
Jazz Arts Project Inc maintains modest financial operations with consistent program focus and no reported officer compensation.
EIN: 204767964 · Red Bank, NJ · NTEE: A68 · Updated: 2026-03-28
Is Jazz Arts Project Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jazz Arts Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jazz Arts Project Inc
Jazz Arts Project Inc (EIN: 204767964) is a nonprofit organization based in Red Bank, NJ, classified under NTEE code A68. The organization reported total revenue of $221K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jazz Arts Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jazz Arts Project Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Jazz Arts Project Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not classified as officer compensation, which is highly favorable for an organization of this size.
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.
Strengths
The following positive indicators were identified for Jazz Arts Project Inc:
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
- Generally stable financial operations over a decade, with revenues often covering expenses.
- Modest liabilities relative to assets, suggesting good financial management (e.g., $3,375 liabilities vs. $80,744 assets in 2023).
Frequently Asked Questions about Jazz Arts Project Inc
Is Jazz Arts Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jazz Arts Project Inc (EIN: 204767964) appears legitimate. Mission Score: 88/100. 0 red flags identified, 3 strengths noted.
How does Jazz Arts Project Inc spend its money?
Jazz Arts Project Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jazz Arts Project Inc tax-deductible?
Jazz Arts Project Inc is registered as a tax-exempt nonprofit (EIN: 204767964). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jazz Arts Project Inc manage its slight deficits, such as the one in 2023?
The organization's assets of $80,744 in 2023, against liabilities of $3,375, suggest it has sufficient reserves to cover minor operational deficits without significant financial strain. Small fluctuations between revenue and expenses are common for nonprofits.
What is the primary source of funding for Jazz Arts Project Inc?
While specific funding sources are not detailed in the provided data, the consistent revenue generation, such as $177,134 in 2023, indicates a stable base likely composed of donations, grants, and program service fees typical for arts organizations.
Filing History
IRS 990 filing history for Jazz Arts Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jazz Arts Project Inc's revenue has grown by 129.7%, moving from $77K to $177K. Total assets increased by 1178.6% over the same period, from $6K to $81K. Total functional expenses rose by 126.2%, from $80K to $181K. In its most recent filing year (2023), Jazz Arts Project Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $3K in liabilities against $81K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $77K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $177K | $181K | $81K | $3K | — | View 990 |
| 2022 | $191K | $154K | $84K | $3K | — | View 990 |
| 2021 | $100K | $84K | $44K | $0 | — | View 990 |
| 2020 | $47K | $36K | $29K | $210 | — | — |
| 2019 | $76K | $77K | $18K | $0 | — | View 990 |
| 2018 | $55K | $70K | $18K | $0 | — | View 990 |
| 2017 | $159K | $162K | $33K | $400 | — | View 990 |
| 2016 | $160K | $176K | $39K | $3K | — | View 990 |
| 2015 | $179K | $150K | $53K | $955 | — | View 990 |
| 2014 | $141K | $131K | $23K | $446 | — | View 990 |
| 2013 | $122K | $116K | $14K | $1K | — | View 990 |
| 2012 | $94K | $90K | $10K | $3K | — | View 990 |
| 2011 | $77K | $80K | $6K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $177K, expenses of $181K, and assets of $81K (revenue -7.1% year-over-year).
- 2022: Revenue of $191K, expenses of $154K, and assets of $84K (revenue +91.6% year-over-year).
- 2021: Revenue of $100K, expenses of $84K, and assets of $44K (revenue +111.1% year-over-year).
- 2020: Revenue of $47K, expenses of $36K, and assets of $29K (revenue -38.3% year-over-year).
- 2019: Revenue of $76K, expenses of $77K, and assets of $18K (revenue +39.0% year-over-year).
- 2018: Revenue of $55K, expenses of $70K, and assets of $18K (revenue -65.5% year-over-year).
- 2017: Revenue of $159K, expenses of $162K, and assets of $33K (revenue -0.3% year-over-year).
- 2016: Revenue of $160K, expenses of $176K, and assets of $39K (revenue -10.7% year-over-year).
- 2015: Revenue of $179K, expenses of $150K, and assets of $53K (revenue +26.9% year-over-year).
- 2014: Revenue of $141K, expenses of $131K, and assets of $23K (revenue +15.6% year-over-year).
- 2013: Revenue of $122K, expenses of $116K, and assets of $14K (revenue +29.2% year-over-year).
- 2012: Revenue of $94K, expenses of $90K, and assets of $10K (revenue +22.5% year-over-year).
- 2011: Revenue of $77K, expenses of $80K, and assets of $6K.
Data Sources and Methodology
This transparency report for Jazz Arts Project 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.