South Asian Folk Arts Council

Analysis

South Asian Folk Arts Council is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 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 (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 2022, South Asian Folk Arts Council reported income of $60k and spending of $38k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $93k to $60k (-36%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Asian Folk Arts Council sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include St Charles County Youth Orchestra Inc ($60k), Yiddish Arts and Academics of N America Inc ($60k) and Turkish & International Music Ensemble ($60k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $203k against liabilities of $0, net assets of $203k.