Arts, Culture & Humanities
(A68)
IRS Verified
DX Registered
990 on File
JAZZARTS CHARLOTTE
Financial strength (30%)
69/100
Reliability (20%)
50/100
Effectiveness (25%)
66/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Mission: Connecting the cultural community and developing an audience for jazz through quality education, performance and musician support. Vision: To be a catalyst for cultural enrichment and music education that brings creative inspiration to the lives of the citizens of the Charlotte region. Jazz Arts Initiative is a 501(c)(3) non-profit organization made up of educators, cultural arts patrons, musicians and individuals dedicated to the continued development of Charlotte’s arts heritage. The organization promotes quality music education, performance opportunities for musicians and their audiences, and artist support.
Financial Overview — FY 2025
$1.2M
Total Revenue
$1.2M
Total Expenses
$180K
Net Assets
6
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
58.3%
Fundraising Efficiency
N/A
Operating Reserve
1.80x
Liability-to-Asset
40.3%
Revenue Diversification
63.8%
Executive Compensation
$362K
Compared with Peers
FY 2025
Compared with 1,930 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
58.3% | 77.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
30.2% | 14.2% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
11.5% | 5.9% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.8 mo | 15.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
40.3% | 11.4% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
63.8% | 70.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
19.9% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.0% | 5.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.7% | 0.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $1.2M | $1.2M | $180K | 58.3% | 6 |
| 2024 | $998K | $1.1M | $371K | 59.2% | 6 |
| 2023 | $1.2M | $1.2M | $615K | 61.9% | 7 |
| 2022 | $885K | $754K | $488K | 55.4% | 6 |
| 2021 | $453K | $338K | N/A | — | 5 |
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