Southewst Folklife Alliance Inc

Analysis

Southewst Folklife Alliance Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1976, 50 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, Southewst Folklife Alliance Inc reported income of $2.3m and spending of $2.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.3m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 181%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southewst Folklife Alliance Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Macon Urban Ministries Inc ($2.3m), From the Top Inc ($2.3m) and A Better Balance ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. It paid $13k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $992k, net assets of $1.4m.