Kerrville Folk Festival Foundation Inc

Analysis

Kerrville Folk Festival Foundation Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in April 2000, 26 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 September 2023, Kerrville Folk Festival Foundation Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $886k to $1.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2022, when income rose by 135%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kerrville Folk Festival Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Globewomen Research & Education Institute ($1.1m), Lynden Inc ($1.1m) and Historic Richmond Foundation-The William Byrd Branch of Apva Preser ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Other salaries and wages came to $247k. At year end it held assets of $1.7m against liabilities of $343k, net assets of $1.3m. It reported 6 employees.