International Folk Art Alliance Inc

Analysis

International Folk Art Alliance Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in November 2007, 19 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, International Folk Art Alliance Inc reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $2.4m (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Folk Art Alliance Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NM. Charities of a similar size with the same main cause include Edward Drummond Libbey Endowment Fund 20-10-211-0326880 ($2.4m), Thunderbird Lodge Preservation Society ($2.4m) and Hilton Head Symphony Orchestra Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $122k (5.1% of expenses). Other salaries and wages came to $389k. At year end it held assets of $7.8m against liabilities of $93k, net assets of $7.7m. It reported 16 employees.