Albuquerque Folk Festival
EIN: 850464484 · Albuquerque, NM · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $58K |
| Net Assets | $30K |
Is Albuquerque Folk Festival Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Albuquerque Folk Festival
Albuquerque Folk Festival (EIN: 850464484) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code A23. The organization reported total revenue of $55K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albuquerque Folk Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albuquerque Folk Festival is a micro nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $58K |
| Surplus / Deficit | +$18K |
| Total Assets | $31K |
| Total Liabilities | $1K |
| Net Assets | $30K |
| Operating Margin | 23.9% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, Albuquerque Folk Festival reported a surplus of $18K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Albuquerque Folk Festival's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.4% | +30.5% | +79.5% |
| 2022 | -4.1% | -43.4% | +168.7% |
| 2021 | +299.8% | +508.0% | -80.3% |
| 2020 | -75.9% | -75.5% | +37.6% |
| 2018 | -5.7% | +8.7% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Albuquerque Folk Festival has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albuquerque Folk Festival with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Albuquerque Folk Festival
Is Albuquerque Folk Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Albuquerque Folk Festival (EIN: 850464484) insufficient data. 0 red flags identified, 0 strengths noted.
How does Albuquerque Folk Festival spend its money?
Detailed spending breakdown data is not yet available for Albuquerque Folk Festival. Check back for updated IRS 990 analysis.
Are donations to Albuquerque Folk Festival tax-deductible?
Albuquerque Folk Festival is registered as a tax-exempt nonprofit (EIN: 850464484). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Albuquerque Folk Festival located?
Albuquerque Folk Festival is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 850464484. It is classified under NTEE code A23.
How many years of IRS 990 filings does Albuquerque Folk Festival have?
Albuquerque Folk Festival has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $55K in total revenue.
Filing History
IRS 990 filing history for Albuquerque Folk Festival showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Albuquerque Folk Festival's revenue has grown by 39%, moving from $55K to $76K. Total assets decreased by 1.4% over the same period, from $32K to $31K. Total functional expenses rose by 21.9%, from $47K to $58K. In its most recent filing year (2023), Albuquerque Folk Festival reported a surplus of $18K, with revenue exceeding expenses. The organization holds $1K in liabilities against $31K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $58K | $31K | $1K | — | — |
| 2022 | $50K | $44K | $17K | $5K | — | — |
| 2021 | $52K | $78K | $6K | $0 | — | — |
| 2020 | $13K | $13K | $33K | $0 | — | — |
| 2018 | $54K | $52K | $24K | $0 | — | View 990 |
| 2017 | $57K | $48K | $23K | $0 | — | View 990 |
| 2016 | $55K | $60K | $14K | $0 | — | View 990 |
| 2015 | $66K | $73K | $19K | $0 | — | View 990 |
| 2014 | $67K | $78K | $27K | $0 | — | View 990 |
| 2013 | $56K | $57K | $38K | $0 | — | View 990 |
| 2012 | $53K | $46K | $39K | $0 | — | View 990 |
| 2011 | $55K | $47K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $58K, and assets of $31K (revenue +52.4% year-over-year).
- 2022: Revenue of $50K, expenses of $44K, and assets of $17K (revenue -4.1% year-over-year).
- 2021: Revenue of $52K, expenses of $78K, and assets of $6K (revenue +299.8% year-over-year).
- 2020: Revenue of $13K, expenses of $13K, and assets of $33K (revenue -75.9% year-over-year).
- 2018: Revenue of $54K, expenses of $52K, and assets of $24K (revenue -5.7% year-over-year).
- 2017: Revenue of $57K, expenses of $48K, and assets of $23K (revenue +3.8% year-over-year).
- 2016: Revenue of $55K, expenses of $60K, and assets of $14K (revenue -16.1% year-over-year).
- 2015: Revenue of $66K, expenses of $73K, and assets of $19K (revenue -2.2% year-over-year).
- 2014: Revenue of $67K, expenses of $78K, and assets of $27K (revenue +19.8% year-over-year).
- 2013: Revenue of $56K, expenses of $57K, and assets of $38K (revenue +5.4% year-over-year).
- 2012: Revenue of $53K, expenses of $46K, and assets of $39K (revenue -2.7% year-over-year).
- 2011: Revenue of $55K, expenses of $47K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albuquerque Folk Festival:
Data Sources and Methodology
This transparency report for Albuquerque Folk Festival is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.