Community Folk Art Center Inc

Analysis

Community Folk Art Center Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 2006, 20 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 June 2023, Community Folk Art Center Inc reported income of $228k and spending of $161k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $35k to $228k (+551%), an average of +551% a year. The sharpest change came in the year to June 2023, when income rose by 551%. 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, Community Folk Art Center Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Abilene Ballet Theatre Inc ($228k), Northern California Music & Art Culture Center Inc ($228k) and Forum on Life Culture & Society Inc ($228k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.