North American Folk Music and Dance Alliance Inc

Analysis

North American Folk Music and Dance Alliance Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North American Folk Music and Dance Alliance Inc reported income of $98k and spending of $106k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $24k to $98k (+303%), an average of +101% a year. The sharpest change came in the year to December 2022, when income rose by 462%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North American Folk Music and Dance Alliance Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within PA. Charities of a similar size with the same main cause include Blue Ridge Numismatic Assn Inc Term ($98k), Inland Choral Music Education Inc ($98k) and Virginia Point to Point Foundation ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 90% of the total. At year end it held assets of $66k against liabilities of $12k, net assets of $54k.