Smooth Jazz For Scholars Inc
Smooth Jazz For Scholars Inc. operates with no executive compensation and maintains balanced, albeit lean, finances.
EIN: 204445900 · Milford, CT · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $57K |
| Program Spending | 90% |
| Net Assets | $126 |
| Transparency Score | 85/100 |
Is Smooth Jazz For Scholars Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Smooth Jazz For Scholars Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Smooth Jazz For Scholars Inc
Smooth Jazz For Scholars Inc (EIN: 204445900) is a nonprofit organization based in Milford, CT, classified under NTEE code A68. The organization reported total revenue of $71K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smooth Jazz For Scholars Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smooth Jazz For Scholars Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $57K |
| Surplus / Deficit | $-200 |
| Total Assets | $126 |
| Net Assets | $126 |
| Operating Margin | -0.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Smooth Jazz For Scholars Inc reported a deficit of $200 with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Smooth Jazz For Scholars Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +131.2% | +120.5% | -85.1% |
| 2022 | +108.4% | +107.9% | -73.3% |
| 2021 | +357.9% | +387.6% | -35.1% |
| 2020 | -94.3% | -93.7% | -3.5% |
| 2019 | +1.3% | -9.7% | +8058.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Smooth Jazz For Scholars Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Smooth Jazz For Scholars Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $200, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the organization. This is a significant positive for a small nonprofit, ensuring that all funds are directed towards its mission.
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 Smooth Jazz For Scholars Inc's IRS 990 filings:
- Limited asset reserves, with assets at $126 in 202312, which could impact long-term stability or ability to weather unexpected financial challenges.
Strengths
The following positive indicators were identified for Smooth Jazz For Scholars Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- No reported liabilities, suggesting sound financial management and avoidance of debt.
- Demonstrated growth in revenue from 202012 ($2,595) to 202312 ($57,257), showing increasing support.
- High transparency through consistent IRS 990 filings over 13 periods.
Frequently Asked Questions about Smooth Jazz For Scholars Inc
Is Smooth Jazz For Scholars Inc a legitimate charity?
Smooth Jazz For Scholars Inc (EIN: 204445900) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $71K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Smooth Jazz For Scholars Inc spend its money?
Smooth Jazz For Scholars Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Smooth Jazz For Scholars Inc tax-deductible?
Smooth Jazz For Scholars Inc is registered as a tax-exempt nonprofit (EIN: 204445900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Smooth Jazz For Scholars Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Smooth Jazz For Scholars Inc 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 Smooth Jazz For Scholars Inc located?
Smooth Jazz For Scholars Inc is headquartered in Milford, Connecticut and files with the IRS under EIN 204445900. It is classified under NTEE code A68.
How many years of IRS 990 filings does Smooth Jazz For Scholars Inc have?
Smooth Jazz For Scholars 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 $71K in total revenue.
Is Smooth Jazz For Scholars Inc. a good charity?
Based on the available IRS 990 data, Smooth Jazz For Scholars Inc. appears to be a good charity, particularly due to its commitment to 0% officer compensation and consistent financial transparency. Its program spending is likely very high given this structure.
How does Smooth Jazz For Scholars Inc. manage its expenses?
The organization manages its expenses very tightly, often operating with revenues and expenses nearly equal, as seen in 202312 (Revenue=$57,257, Expenses=$57,457). The absence of officer compensation suggests a highly efficient and volunteer-driven operational model.
What is the trend in Smooth Jazz For Scholars Inc.'s revenue?
Smooth Jazz For Scholars Inc. has experienced fluctuating revenue over the years, with a notable increase from $2,595 in 202012 to $57,257 in 202312, indicating significant growth in recent periods after a dip.
Filing History
IRS 990 filing history for Smooth Jazz For Scholars Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Smooth Jazz For Scholars Inc's revenue has grown by 120.7%, moving from $26K to $57K. Total assets increased by 4100% over the same period, from $3 to $126. Total functional expenses rose by 121.3%, from $26K to $57K. In its most recent filing year (2023), Smooth Jazz For Scholars Inc reported a deficit of $200, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $57K | $126 | $0 | — | — |
| 2022 | $25K | $26K | $845 | $0 | — | View 990 |
| 2021 | $12K | $13K | $3K | $0 | — | — |
| 2020 | $3K | $3K | $5K | $0 | — | — |
| 2019 | $46K | $41K | $5K | $0 | — | View 990 |
| 2018 | $45K | $45K | $62 | $0 | — | View 990 |
| 2017 | $40K | $43K | $57 | $0 | — | View 990 |
| 2016 | $54K | $53K | $4K | $0 | — | View 990 |
| 2015 | $43K | $44K | $3K | $0 | — | View 990 |
| 2014 | $44K | $44K | $4K | $0 | — | View 990 |
| 2013 | $53K | $49K | $4K | $0 | — | View 990 |
| 2012 | $32K | $32K | $3 | $0 | — | View 990 |
| 2011 | $26K | $26K | $3 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $57K, and assets of $126 (revenue +131.2% year-over-year).
- 2022: Revenue of $25K, expenses of $26K, and assets of $845 (revenue +108.4% year-over-year).
- 2021: Revenue of $12K, expenses of $13K, and assets of $3K (revenue +357.9% year-over-year).
- 2020: Revenue of $3K, expenses of $3K, and assets of $5K (revenue -94.3% year-over-year).
- 2019: Revenue of $46K, expenses of $41K, and assets of $5K (revenue +1.3% year-over-year).
- 2018: Revenue of $45K, expenses of $45K, and assets of $62 (revenue +13.2% year-over-year).
- 2017: Revenue of $40K, expenses of $43K, and assets of $57 (revenue -26.1% year-over-year).
- 2016: Revenue of $54K, expenses of $53K, and assets of $4K (revenue +25.1% year-over-year).
- 2015: Revenue of $43K, expenses of $44K, and assets of $3K (revenue -1.3% year-over-year).
- 2014: Revenue of $44K, expenses of $44K, and assets of $4K (revenue -17.2% year-over-year).
- 2013: Revenue of $53K, expenses of $49K, and assets of $4K (revenue +66.3% year-over-year).
- 2012: Revenue of $32K, expenses of $32K, and assets of $3 (revenue +22.0% year-over-year).
- 2011: Revenue of $26K, expenses of $26K, and assets of $3.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smooth Jazz For Scholars Inc:
Data Sources and Methodology
This transparency report for Smooth Jazz For Scholars 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.