Kings Regional Traditional Folk Arts Inc

Analysis

Kings Regional Traditional Folk Arts Inc is a registered charity in United States, based in Hanford, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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 2023, Kings Regional Traditional Folk Arts Inc reported income of $54k and spending of $64k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $54k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kings Regional Traditional Folk Arts Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include U S Merchant Marine Veterans of World War II ($54k), PTA North Carolina Congress ($54k) and Operation Strength Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 90% of the total. At year end it held assets of $140k against liabilities of $0, net assets of $140k.