Folklore Society Of Greater Washington
EIN: 526059782 · Cabin John, MD · NTEE: A200
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $271K |
| Net Assets | $160K |
Is Folklore Society Of Greater Washington Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Folklore Society Of Greater Washington
Folklore Society Of Greater Washington (EIN: 526059782) is a nonprofit organization based in Cabin John, MD, classified under NTEE code A200. The organization reported total revenue of $240K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Folklore Society Of Greater Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Folklore Society Of Greater Washington is a small nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $271K |
| Surplus / Deficit | $-19,397 |
| Total Assets | $221K |
| Total Liabilities | $61K |
| Net Assets | $160K |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 27.6% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2023, Folklore Society Of Greater Washington reported a deficit of $19K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 27.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Folklore Society Of Greater Washington's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.3% | +93.1% | +5.9% |
| 2021 | +62.7% | +43.5% | +19.9% |
| 2021 | -33.7% | -40.1% | +7.3% |
| 2020 | -43.7% | -48.0% | -4.3% |
| 2019 | +6.0% | -13.5% | -13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Folklore Society Of Greater Washington 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 Folklore Society Of Greater Washington 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.6%.
Frequently Asked Questions about Folklore Society Of Greater Washington
Is Folklore Society Of Greater Washington a legitimate charity?
Based on AI analysis of IRS 990 filings, Folklore Society Of Greater Washington (EIN: 526059782) insufficient data. 0 red flags identified, 0 strengths noted.
How does Folklore Society Of Greater Washington spend its money?
Detailed spending breakdown data is not yet available for Folklore Society Of Greater Washington. Check back for updated IRS 990 analysis.
Are donations to Folklore Society Of Greater Washington tax-deductible?
Folklore Society Of Greater Washington is registered as a tax-exempt nonprofit (EIN: 526059782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Folklore Society Of Greater Washington located?
Folklore Society Of Greater Washington is headquartered in Cabin John, Maryland and files with the IRS under EIN 526059782. It is classified under NTEE code A200.
How many years of IRS 990 filings does Folklore Society Of Greater Washington have?
Folklore Society Of Greater Washington has 13 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 $240K in total revenue.
Filing History
IRS 990 filing history for Folklore Society Of Greater Washington showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Folklore Society Of Greater Washington's revenue has declined by 11.6%, moving from $285K to $252K. Total assets decreased by 33.2% over the same period, from $331K to $221K. Total functional expenses fell by 4.4%, from $284K to $271K. In its most recent filing year (2023), Folklore Society Of Greater Washington reported a deficit of $19K, with expenses exceeding revenue. The organization holds $61K in liabilities against $221K in assets (debt-to-asset ratio: 27.6%), resulting in net assets of $160K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $271K | $221K | $61K | — | — |
| 2021 | $177K | $140K | $209K | $29K | — | — |
| 2021 | $109K | $98K | $174K | $29K | — | View 990 |
| 2020 | $164K | $163K | $162K | $30K | — | View 990 |
| 2019 | $291K | $314K | $170K | $38K | — | View 990 |
| 2018 | $275K | $363K | $196K | $41K | — | View 990 |
| 2017 | $266K | $305K | $293K | $50K | — | View 990 |
| 2016 | $268K | $286K | $331K | $48K | — | View 990 |
| 2015 | $299K | $301K | $361K | $43K | — | View 990 |
| 2014 | $312K | $303K | $347K | $37K | — | View 990 |
| 2013 | $292K | $311K | $348K | $44K | — | View 990 |
| 2012 | $283K | $283K | $348K | $55K | — | View 990 |
| 2011 | $285K | $284K | $331K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $271K, and assets of $221K (revenue +42.3% year-over-year).
- 2021: Revenue of $177K, expenses of $140K, and assets of $209K (revenue +62.7% year-over-year).
- 2021: Revenue of $109K, expenses of $98K, and assets of $174K (revenue -33.7% year-over-year).
- 2020: Revenue of $164K, expenses of $163K, and assets of $162K (revenue -43.7% year-over-year).
- 2019: Revenue of $291K, expenses of $314K, and assets of $170K (revenue +6.0% year-over-year).
- 2018: Revenue of $275K, expenses of $363K, and assets of $196K (revenue +3.4% year-over-year).
- 2017: Revenue of $266K, expenses of $305K, and assets of $293K (revenue -0.8% year-over-year).
- 2016: Revenue of $268K, expenses of $286K, and assets of $331K (revenue -10.3% year-over-year).
- 2015: Revenue of $299K, expenses of $301K, and assets of $361K (revenue -4.3% year-over-year).
- 2014: Revenue of $312K, expenses of $303K, and assets of $347K (revenue +7.0% year-over-year).
- 2013: Revenue of $292K, expenses of $311K, and assets of $348K (revenue +2.9% year-over-year).
- 2012: Revenue of $283K, expenses of $283K, and assets of $348K (revenue -0.5% year-over-year).
- 2011: Revenue of $285K, expenses of $284K, and assets of $331K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Folklore Society Of Greater Washington:
Data Sources and Methodology
This transparency report for Folklore Society Of Greater Washington 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.