North Carolina Folklife Institute

Analysis

North Carolina Folklife Institute is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in December 1974, 52 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 June 2023, North Carolina Folklife Institute reported income of $113k and spending of $96k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $77k to $113k (+48%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 91% 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 Carolina Folklife Institute 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 38th percentile within NC. Charities of a similar size with the same main cause include Richfield Historical Society Inc ($113k), Gracism Global Inc ($113k) and Providence Childrens Film Festival Inc ($113k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $34k against liabilities of $4,262, net assets of $30k.