American Folklore Society Inc

Analysis

American Folklore Society Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in September 1942, 84 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 August 2023, American Folklore Society Inc reported income of $591k and spending of $702k, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $522k to $591k (+13%), an average of +3.2% a year. The sharpest change came in the year to August 2022, when income rose by 93%. 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, American Folklore Society Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Northwest Chinese School ($591k), Black Theatre Coalition Incorporated ($591k) and On Pitch Performing Arts Inc ($591k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $84k (12% of expenses). Other salaries and wages came to $95k. At year end it held assets of $1.1m against liabilities of $131k, net assets of $928k. It reported 2 employees.