Folk Alliance International

Analysis

Folk Alliance International is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 1996, 30 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, Folk Alliance International reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.5m (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folk Alliance International sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Museum Foundation of Pacific Grove Inc ($1.5m), Eli Whitney Museum Inc ($1.5m) and Daniels Music Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $183k (13% of expenses). Other salaries and wages came to $326k. At year end it held assets of $938k against liabilities of $219k, net assets of $719k. It reported 11 employees.