New England Folk Festival Association Inc

Analysis

New England Folk Festival Association Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in September 1954, 72 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2023, New England Folk Festival Association Inc reported income of $118k and spending of $130k, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $178k to $118k (-33%), an average of -9.7% a year. The sharpest change came in the year to July 2023, when income rose by 135%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Folk Festival Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Emit Theatre Inc ($118k), Oregon Trail Association ($118k) and St Louis Scottish Games ($118k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 12% and program service revenue 74% of the total. At year end it held assets of $351k against liabilities of $0, net assets of $351k.