Jazzarts Charlotte
EIN: 271728470 · Charlotte, NC · NTEE: A68
| Metric | Value |
|---|---|
| Total Revenue | $998K |
| Total Expenses | $1.2M |
| Net Assets | $615K |
Is Jazzarts Charlotte Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jazzarts Charlotte
Jazzarts Charlotte (EIN: 271728470) is a nonprofit organization based in Charlotte, NC, classified under NTEE code A68. The organization reported total revenue of $998K and total assets of $471K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jazzarts Charlotte's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jazzarts Charlotte is a small nonprofit that has been operating for 16 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$63K |
| Total Assets | $709K |
| Total Liabilities | $95K |
| Net Assets | $615K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Jazzarts Charlotte reported a surplus of $63K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Jazzarts Charlotte's revenue has grown at a compound annual growth rate (CAGR) of 32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | +56.7% | +18.3% |
| 2022 | +95.2% | +122.8% | +3.0% |
| 2021 | -9.0% | -27.1% | +477.5% |
| 2020 | -12.4% | -17.9% | -0.5% |
| 2019 | +27.1% | +19.4% | +101.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Jazzarts Charlotte 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 Jazzarts Charlotte 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 $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.3%.
Frequently Asked Questions about Jazzarts Charlotte
Is Jazzarts Charlotte a legitimate charity?
Jazzarts Charlotte (EIN: 271728470) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $998K. No red flags identified. Financial health grade: A.
How does Jazzarts Charlotte spend its money?
Jazzarts Charlotte reported $998K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Jazzarts Charlotte tax-deductible?
Jazzarts Charlotte is registered as a tax-exempt nonprofit (EIN: 271728470). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jazzarts Charlotte located?
Jazzarts Charlotte is headquartered in Charlotte, North Carolina and files with the IRS under EIN 271728470. It is classified under NTEE code A68.
How many years of IRS 990 filings does Jazzarts Charlotte have?
Jazzarts Charlotte has 12 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 $998K in total revenue.
Filing History
IRS 990 filing history for Jazzarts Charlotte showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Jazzarts Charlotte's revenue has grown by 2090.1%, moving from $57K to $1.2M. Total assets increased by 44779.1% over the same period, from $2K to $709K. Total functional expenses rose by 1941.6%, from $58K to $1.2M. In its most recent filing year (2023), Jazzarts Charlotte reported a surplus of $63K, with revenue exceeding expenses. The organization holds $95K in liabilities against $709K in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $615K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $709K | $95K | — | View 990 |
| 2022 | $885K | $754K | $600K | $111K | — | View 990 |
| 2021 | $453K | $338K | $582K | $90K | — | View 990 |
| 2020 | $498K | $464K | $101K | $119K | — | View 990 |
| 2019 | $568K | $565K | $101K | $95K | — | View 990 |
| 2018 | $447K | $473K | $50K | $48K | — | View 990 |
| 2017 | $396K | $437K | $49K | $41K | — | View 990 |
| 2016 | $293K | $292K | $12K | $41K | — | View 990 |
| 2015 | $156K | $180K | $4K | $28K | — | View 990 |
| 2014 | $128K | $132K | $12K | $5K | — | View 990 |
| 2013 | $61K | $59K | $3K | $0 | — | View 990 |
| 2012 | $57K | $58K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $709K (revenue +40.6% year-over-year).
- 2022: Revenue of $885K, expenses of $754K, and assets of $600K (revenue +95.2% year-over-year).
- 2021: Revenue of $453K, expenses of $338K, and assets of $582K (revenue -9.0% year-over-year).
- 2020: Revenue of $498K, expenses of $464K, and assets of $101K (revenue -12.4% year-over-year).
- 2019: Revenue of $568K, expenses of $565K, and assets of $101K (revenue +27.1% year-over-year).
- 2018: Revenue of $447K, expenses of $473K, and assets of $50K (revenue +13.0% year-over-year).
- 2017: Revenue of $396K, expenses of $437K, and assets of $49K (revenue +35.1% year-over-year).
- 2016: Revenue of $293K, expenses of $292K, and assets of $12K (revenue +87.8% year-over-year).
- 2015: Revenue of $156K, expenses of $180K, and assets of $4K (revenue +22.1% year-over-year).
- 2014: Revenue of $128K, expenses of $132K, and assets of $12K (revenue +109.1% year-over-year).
- 2013: Revenue of $61K, expenses of $59K, and assets of $3K (revenue +7.5% year-over-year).
- 2012: Revenue of $57K, expenses of $58K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jazzarts Charlotte:
Data Sources and Methodology
This transparency report for Jazzarts Charlotte 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.