Jazz Foundation Of America Inc
Jazz Foundation Of America Inc shows strong asset growth despite fluctuating revenues and zero officer compensation.
EIN: 133631523 · New York, NY · NTEE: T70Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54.1M |
| Total Expenses | $3.7M |
| Program Spending | 85% |
| Net Assets | $34.9M |
| Transparency Score | 90/100 |
Is Jazz Foundation Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jazz Foundation Of America Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jazz Foundation Of America Inc
Jazz Foundation Of America Inc (EIN: 133631523) is a nonprofit organization based in New York, NY, classified under NTEE code T70Z. The organization reported total revenue of $54.1M and total assets of $72.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jazz Foundation Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jazz Foundation Of America Inc is a major nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $966K |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-2,743,772 |
| Total Assets | $35.3M |
| Total Liabilities | $382K |
| Net Assets | $34.9M |
| Operating Margin | -284.1% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 114.2 months |
Financial Health Grade: B
In 2023, Jazz Foundation Of America Inc reported a deficit of $2.7M with expenses exceeding revenue, holds 114.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jazz Foundation Of America Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.1% | -5.7% | +7.6% |
| 2022 | -44.1% | +6.0% | -16.4% |
| 2021 | -76.8% | +4.4% | +18.1% |
| 2020 | +1271.7% | +19.4% | +179.6% |
| 2019 | -50.3% | -16.7% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Jazz Foundation Of America Inc with a Mission Score of 90 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 Foundation Of America 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly commendable and suggests a strong commitment to directing resources towards program services.
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 Jazz Foundation Of America Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, making future income less predictable.
Strengths
The following positive indicators were identified for Jazz Foundation Of America Inc:
- Consistent 0% officer compensation, indicating high dedication to mission.
- Strong asset growth, with assets reaching $72,589,739, providing financial stability.
- Demonstrates ability to attract significant funding in certain periods (e.g., $24M in 2020).
- Low liabilities relative to assets, indicating good financial management.
Frequently Asked Questions about Jazz Foundation Of America Inc
Is Jazz Foundation Of America Inc a legitimate charity?
Jazz Foundation Of America Inc (EIN: 133631523) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $54.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Jazz Foundation Of America Inc spend its money?
Jazz Foundation Of America Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jazz Foundation Of America Inc tax-deductible?
Jazz Foundation Of America Inc is registered as a tax-exempt nonprofit (EIN: 133631523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jazz Foundation Of America Inc's spending goes to programs?
Jazz Foundation Of America Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jazz Foundation Of America Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Jazz Foundation Of America Inc is above average for NTEE category T70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jazz Foundation Of America Inc located?
Jazz Foundation Of America Inc is headquartered in New York, New York and files with the IRS under EIN 133631523. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does Jazz Foundation Of America Inc have?
Jazz Foundation Of America 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 $54.1M in total revenue.
Is Jazz Foundation Of America Inc a good charity?
Based on the available data, Jazz Foundation Of America Inc appears to be a very good charity. It demonstrates strong financial health with significant assets, a commitment to program spending, and exceptional transparency regarding executive compensation (0%).
Why did revenue fluctuate so much, especially the drop from $24M in 2020 to under $1M in 2023?
The significant revenue fluctuations, particularly the spike in 2020 ($24,040,889) and the subsequent decrease to $965,667 in 2023, could be due to large one-time grants, major fundraising campaigns, or specific economic conditions impacting donations. Further investigation into the nature of these revenue sources would be beneficial.
How does the organization manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other means not reported as officer compensation on the 990 (e.g., through a related entity), or that the organization's structure allows for this model. This is a rare and highly positive indicator of dedication to the mission.
Filing History
IRS 990 filing history for Jazz Foundation Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jazz Foundation Of America Inc's revenue has declined by 54.7%, moving from $2.1M to $966K. Total assets increased by 1541.2% over the same period, from $2.2M to $35.3M. Total functional expenses rose by 60.5%, from $2.3M to $3.7M. In its most recent filing year (2023), Jazz Foundation Of America Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $382K in liabilities against $35.3M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $34.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $966K | $3.7M | $35.3M | $382K | — | — |
| 2022 | $3.1M | $3.9M | $32.8M | $137K | — | View 990 |
| 2021 | $5.6M | $3.7M | $39.2M | $415K | — | View 990 |
| 2020 | $24.0M | $3.6M | $33.2M | $307K | — | View 990 |
| 2019 | $1.8M | $3.0M | $11.9M | $118K | — | View 990 |
| 2018 | $3.5M | $3.6M | $12.1M | $83K | — | View 990 |
| 2017 | $13.8M | $3.7M | $12.1M | $170K | — | View 990 |
| 2016 | $2.7M | $2.6M | $2.0M | $124K | — | View 990 |
| 2015 | $2.2M | $2.2M | $2.0M | $162K | — | View 990 |
| 2014 | $1.2M | $2.2M | $2.0M | $120K | — | View 990 |
| 2013 | $2.9M | $2.3M | $3.1M | $141K | — | View 990 |
| 2012 | $2.3M | $2.2M | $2.6M | $258K | — | View 990 |
| 2011 | $2.1M | $2.3M | $2.2M | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $966K, expenses of $3.7M, and assets of $35.3M (revenue -69.1% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.9M, and assets of $32.8M (revenue -44.1% year-over-year).
- 2021: Revenue of $5.6M, expenses of $3.7M, and assets of $39.2M (revenue -76.8% year-over-year).
- 2020: Revenue of $24.0M, expenses of $3.6M, and assets of $33.2M (revenue +1271.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $3.0M, and assets of $11.9M (revenue -50.3% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.6M, and assets of $12.1M (revenue -74.4% year-over-year).
- 2017: Revenue of $13.8M, expenses of $3.7M, and assets of $12.1M (revenue +414.7% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.6M, and assets of $2.0M (revenue +20.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $2.0M (revenue +89.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $2.2M, and assets of $2.0M (revenue -59.6% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.3M, and assets of $3.1M (revenue +24.6% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $2.6M (revenue +9.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.3M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jazz Foundation Of America Inc:
Data Sources and Methodology
This transparency report for Jazz Foundation Of America 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.