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 Tucson, AZ. 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 June 2023, North American Folk Music and Dance Alliance Inc reported income of $76k and spending of $65k, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $210k to $76k (-64%), an average of -40% a year. The sharpest change came in the year to June 2022, when income dropped by 69%. Over the whole period it spent 80% 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 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within AZ. Charities of a similar size with the same main cause include New Life Institute Inc ($76k), Warrenton Antiquarian Society ($76k) and New Challenge Inc ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 9.6% of the total. Other salaries and wages came to $12k. At year end it held assets of $87k against liabilities of $3,793, net assets of $83k.