Seacoast Jazz Society
Seacoast Jazz Society shows strong asset base and no officer compensation despite fluctuating revenue.
EIN: 20443743 · Portsmouth, NH · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $35K |
| Program Spending | 85% |
| Net Assets | $184K |
| Transparency Score | 88/100 |
Is Seacoast Jazz Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seacoast Jazz Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seacoast Jazz Society
Seacoast Jazz Society (EIN: 20443743) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code A68. The organization reported total revenue of $9K and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seacoast Jazz Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seacoast Jazz Society is a micro nonprofit that has been operating for 14 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -56.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $35K |
| Surplus / Deficit | +$34K |
| Total Assets | $184K |
| Net Assets | $184K |
| Operating Margin | 49.1% |
| Months of Reserves | 63.1 months |
Financial Health Grade: A
In 2023, Seacoast Jazz Society reported a surplus of $34K with revenue exceeding expenses, holds 63.1 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Seacoast Jazz Society's revenue has declined at a compound annual growth rate (CAGR) of -56.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.9% | +51.8% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Seacoast Jazz Society 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, Seacoast Jazz Society 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 surplus of $34K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported at 0% for both filing periods, indicating that leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a small organization with fluctuating revenue.
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 Seacoast Jazz Society's IRS 990 filings:
- Significant year-over-year revenue decline (from $159,611 in 2022 to $68,853 in 2023)
Strengths
The following positive indicators were identified for Seacoast Jazz Society:
- No reported liabilities across both filing periods
- 0% officer compensation reported, indicating efficient use of funds for mission
- Healthy asset base ($184,437 in 2023) relative to revenue and expenses
- Expenses consistently lower than revenue, suggesting good financial management
Frequently Asked Questions about Seacoast Jazz Society
Is Seacoast Jazz Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Seacoast Jazz Society (EIN: 20443743) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Seacoast Jazz Society spend its money?
Seacoast Jazz Society directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Seacoast Jazz Society tax-deductible?
Seacoast Jazz Society is registered as a tax-exempt nonprofit (EIN: 20443743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Seacoast Jazz Society's spending goes to programs?
Seacoast Jazz Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seacoast Jazz Society compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Seacoast Jazz Society is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seacoast Jazz Society located?
Seacoast Jazz Society is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20443743. It is classified under NTEE code A68.
How many years of IRS 990 filings does Seacoast Jazz Society have?
Seacoast Jazz Society has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $9K in total revenue.
Is Seacoast Jazz Society a good charity?
Based on the available data, Seacoast Jazz Society appears to be a good charity. It maintains a strong asset base, has no liabilities, and reports 0% officer compensation, indicating efficient use of funds and a commitment to its mission. The primary concern is the significant drop in revenue from $159,611 in 2022 to $68,853 in 2023, which could impact future program delivery if not addressed.
How does Seacoast Jazz Society manage its expenses?
The organization manages its expenses effectively, with expenses of $35,054 against $68,853 in revenue in 2023, and $23,094 against $159,611 in revenue in 2022. This suggests a lean operational model, especially given the 0% officer compensation.
What is the financial stability of Seacoast Jazz Society?
Seacoast Jazz Society demonstrates good financial stability with assets of $184,437 and no liabilities in 2023. This strong asset-to-liability ratio provides a buffer against revenue fluctuations, although the recent revenue decline warrants monitoring.
Filing History
IRS 990 filing history for Seacoast Jazz Society showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Seacoast Jazz Society's revenue has declined by 56.9%, moving from $160K to $69K. Total assets increased by 22.4% over the same period, from $151K to $184K. Total functional expenses rose by 51.8%, from $23K to $35K. In its most recent filing year (2023), Seacoast Jazz Society reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $35K | $184K | $0 | — | View 990 |
| 2022 | $160K | $23K | $151K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seacoast Jazz Society:
Data Sources and Methodology
This transparency report for Seacoast Jazz Society 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.