Folk Heritage Association of Macon

Analysis

Folk Heritage Association of Macon is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in May 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Folk Heritage Association of Macon reported income of $116k and spending of $144k, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $283k to $116k (-59%), an average of -36% a year. The sharpest change came in the year to December 2023, when income rose by 536%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folk Heritage Association of Macon 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 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Groove City Black Heritage & Culture Group Inc ($116k), South Carolina Jazz Foundation ($116k) and Main Street Productions Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $239k against liabilities of $0, net assets of $239k.