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 Taylors, SC. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, North American Folk Music and Dance Alliance Inc reported income of $114k and spending of $98k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $114k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North American Folk Music and Dance Alliance Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Suzuki Academy of Waco ($114k), Inner Arts Initiative Inc ($114k) and South Fork Performing Arts Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.