Rochester Folk Art Guild Inc

Analysis

Rochester Folk Art Guild Inc is a registered charity in United States, based in Middlesex, NY. It received its IRS tax-exemption ruling in August 1966, 60 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, Rochester Folk Art Guild Inc reported income of $427k and spending of $269k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $427k (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Folk Art Guild Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Katia and Company Inc ($427k), Childrens Performing Arts ($427k) and Plugged in Band Program Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 11% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.4m against liabilities of $396k, net assets of $1.0m. It reported 8 employees.