International Folk Art Foundation

Analysis

International Folk Art Foundation is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in May 1953, 73 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Folk Art Foundation reported income of $880k and spending of $826k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $880k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 212%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Folk Art Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include Piece by Piece ($880k), Integral Community Solutions Institute ($880k) and Maysles Institute Inc ($879k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $82k (9.9% of expenses). At year end it held assets of $33.6m against liabilities of $39k, net assets of $33.6m. It reported 1 employees.