Texas Folklife Resources

Analysis

Texas Folklife Resources is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1985, 41 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 2023, Texas Folklife Resources reported income of $429k and spending of $486k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $501k to $429k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Folklife Resources sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Foundry Project Arts Incubator ($429k), Fuerte Art Collective ($429k) and Sanchez Art Center ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $115k. At year end it held assets of $522k against liabilities of $507k, net assets of $15k. It reported 5 employees.