Pittsburgh International Folk Arts Institute

Analysis

Pittsburgh International Folk Arts Institute is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2023, Pittsburgh International Folk Arts Institute reported income of $488k and spending of $493k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $850k to $488k (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 207%. Over the whole period it spent 115% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Pittsburgh International Folk Arts Institute sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Illinois Restaurant Association Educational Foundation Inc ($488k), Patuxent River Naval Air Museum Association Inc ($488k) and Oakland Theater Project ($488k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 50% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.2m against liabilities of $117k, net assets of $1.1m. It reported 1 employees.