North American Folk Music And Dance Alliance Inc
North American Folk Music And Dance Alliance Inc maintains stable revenue and strong asset growth with zero liabilities.
EIN: 204576250 · South Fork, CO · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $250K |
| Program Spending | 80% |
| Net Assets | $199K |
| Transparency Score | 85/100 |
Is North American Folk Music And Dance Alliance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North American Folk Music And Dance Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North American Folk Music And Dance Alliance Inc
North American Folk Music And Dance Alliance Inc (EIN: 204576250) is a nonprofit organization based in South Fork, CO. The organization reported total revenue of $417K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North American Folk Music And Dance Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North American Folk Music And Dance Alliance Inc is a small nonprofit that has been operating for 30 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $250K |
| Surplus / Deficit | +$150K |
| Total Assets | $199K |
| Net Assets | $199K |
| Operating Margin | 37.5% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2024, North American Folk Music And Dance Alliance Inc reported a surplus of $150K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), North American Folk Music And Dance Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North American Folk Music And Dance Alliance Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, North American Folk Music And Dance Alliance Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $150K, with revenue exceeding expenses.
Executive Compensation Analysis
The IRS 990 filings for both 202406 and 202306 report 0% officer compensation, suggesting that executive leadership may be volunteer-based or compensated below reporting thresholds, which is highly favorable for donor perception and indicates a strong commitment to mission over administrative costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for North American Folk Music And Dance Alliance Inc:
- Consistent revenue and positive financial performance (Revenue $400,208 vs. Expenses $250,068 for 202406).
- Strong asset base ($198,537) with zero liabilities, indicating excellent financial stability.
- No reported officer compensation, suggesting high efficiency and mission focus.
- Healthy surplus generation, allowing for reinvestment in programs or reserves.
Frequently Asked Questions about North American Folk Music And Dance Alliance Inc
Is North American Folk Music And Dance Alliance Inc a legitimate charity?
North American Folk Music And Dance Alliance Inc (EIN: 204576250) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $417K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does North American Folk Music And Dance Alliance Inc spend its money?
North American Folk Music And Dance Alliance Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North American Folk Music And Dance Alliance Inc tax-deductible?
North American Folk Music And Dance Alliance Inc is registered as a tax-exempt nonprofit (EIN: 204576250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North American Folk Music And Dance Alliance Inc's spending goes to programs?
North American Folk Music And Dance Alliance Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North American Folk Music And Dance Alliance Inc located?
North American Folk Music And Dance Alliance Inc is headquartered in South Fork, Colorado and files with the IRS under EIN 204576250.
How many years of IRS 990 filings does North American Folk Music And Dance Alliance Inc have?
North American Folk Music And Dance Alliance Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $417K in total revenue.
Is North American Folk Music And Dance Alliance Inc a good charity?
Based on the provided data, the organization appears to be a good charity. It demonstrates strong financial health with consistent revenue, a significant surplus, and zero liabilities. The absence of reported officer compensation is also a positive indicator of efficiency and mission focus.
How does the organization manage its finances?
The organization manages its finances effectively, consistently generating a surplus (e.g., $400,208 revenue vs. $250,068 expenses in 202406) and maintaining a strong asset base ($198,537) with no reported liabilities, indicating prudent financial stewardship.
What is the trend in the organization's revenue and expenses?
The organization shows a stable trend in both revenue and expenses, with $400,208 in revenue and $250,068 in expenses reported for both the 202406 and 202306 periods, suggesting consistent operational scale.
Filing History
IRS 990 filing history for North American Folk Music And Dance Alliance Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), North American Folk Music And Dance Alliance Inc's revenue has grown by 0%, moving from $400K to $400K. Total assets increased by 0% over the same period, from $199K to $199K. Total functional expenses rose by 0%, from $250K to $250K. In its most recent filing year (2024), North American Folk Music And Dance Alliance Inc reported a surplus of $150K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $400K | $250K | $199K | $0 | — | — |
| 2023 | $400K | $250K | $199K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North American Folk Music And Dance Alliance Inc:
Data Sources and Methodology
This transparency report for North American Folk Music And Dance Alliance Inc 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.