Charity Search / FOLK ART SOCIETY OF AMERICA
Arts, Culture & Humanities (A200) 990 on File

FOLK ART SOCIETY OF AMERICA

EIN: 54-1415937 · RICHMOND, VA 23226-7041 · United States · FY 2023 Data
3 out of 5 46 / 100 Based on 2+ years of filings
Financial strength (30%) 66/100
Reliability (20%) 55/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$50K
Total Revenue
$60K
Total Expenses
$174K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency 74.3%
Operating Reserve 34.70x
Liability-to-Asset 0.0%
Revenue Diversification 72.2%
Compared with Peers
FY 2023
Compared with 16,412 similar organizations (United States, Arts, Culture & Humanities, under $100K in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
100.0% 82.0%
P10P90
Top quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
74.3% 35.3%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
34.7 mo 18.4 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
72.2% 90.6%
P10P90
Above median
Revenue growth
Year over year revenue growth
17.3% 3.8%
P10P90
Expense growth
Year over year expense growth
13.4% 4.9%
P10P90
Surplus margin
Surplus as a share of revenue
-19.9% 9.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $50K $60K $174K 100.0% —
2022 $43K $53K $184K 99.5% —
2021 $80K $52K N/A — 1
2020 $32K $57K N/A — 1
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Organization Details
EIN
54-1415937
State
VA
City
RICHMOND
ZIP
23226-7041
Classification
A200
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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