Philadelphia Folksong Society
EIN: 236296972 · Philadelphia, PA · NTEE: A200
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $191K |
| Net Assets | $-41,806 |
Is Philadelphia Folksong Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Philadelphia Folksong Society
Philadelphia Folksong Society (EIN: 236296972) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A200. The organization reported total revenue of $1.3M and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philadelphia Folksong Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philadelphia Folksong Society is a mid-size nonprofit that has been operating for 64 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $191K |
| Surplus / Deficit | +$49K |
| Total Assets | $131K |
| Total Liabilities | $173K |
| Net Assets | $-41,806 |
| Operating Margin | 20.5% |
| Debt-to-Asset Ratio | 132.0% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Philadelphia Folksong Society reported a surplus of $49K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 132.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Philadelphia Folksong Society's revenue has declined at a compound annual growth rate (CAGR) of -12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -84.0% | -89.2% | -10.5% |
| 2022 | +60.4% | +222.6% | -72.4% |
| 2021 | +5.7% | -28.3% | +150.8% |
| 2020 | -35.0% | -56.0% | -41.1% |
| 2019 | -4.4% | -3.8% | -26.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Philadelphia Folksong Society 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 Philadelphia Folksong Society 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 $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 132.0%.
Frequently Asked Questions about Philadelphia Folksong Society
Is Philadelphia Folksong Society a legitimate charity?
Philadelphia Folksong Society (EIN: 236296972) is a registered tax-exempt nonprofit based in Pennsylvania. It has 14 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Philadelphia Folksong Society spend its money?
Philadelphia Folksong Society reported $1.3M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Philadelphia Folksong Society tax-deductible?
Philadelphia Folksong Society is registered as a tax-exempt nonprofit (EIN: 236296972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Philadelphia Folksong Society located?
Philadelphia Folksong Society is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 236296972. It is classified under NTEE code A200.
How many years of IRS 990 filings does Philadelphia Folksong Society have?
Philadelphia Folksong Society has 14 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Philadelphia Folksong Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Philadelphia Folksong Society's revenue has declined by 78.6%, moving from $1.1M to $240K. Total assets decreased by 81.2% over the same period, from $696K to $131K. Total functional expenses fell by 84.7%, from $1.2M to $191K. In its most recent filing year (2023), Philadelphia Folksong Society reported a surplus of $49K, with revenue exceeding expenses. The organization holds $173K in liabilities against $131K in assets (debt-to-asset ratio: 132.0%), resulting in net assets of $-41,806.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $240K | $191K | $131K | $173K | — | — |
| 2022 | $1.5M | $1.8M | $146K | $202K | — | View 990 |
| 2021 | $936K | $550K | $529K | $310K | — | View 990 |
| 2020 | $886K | $767K | $211K | $371K | — | View 990 |
| 2019 | $1.4M | $1.7M | $358K | $637K | — | — |
| 2019 | $1.4M | $1.8M | $484K | $483K | — | View 990 |
| 2018 | $1.5M | $1.6M | $630K | $252K | — | View 990 |
| 2017 | $1.3M | $1.4M | $668K | $179K | — | View 990 |
| 2016 | $1.3M | $1.2M | $704K | $96K | — | View 990 |
| 2015 | $1.3M | $1.3M | $643K | $116K | — | View 990 |
| 2014 | $1.2M | $1.4M | $602K | $120K | — | View 990 |
| 2013 | $1.4M | $1.4M | $589K | $14K | — | View 990 |
| 2012 | $1.5M | $1.5M | $639K | $59K | — | View 990 |
| 2011 | $1.1M | $1.2M | $696K | $137K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $240K, expenses of $191K, and assets of $131K (revenue -84.0% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.8M, and assets of $146K (revenue +60.4% year-over-year).
- 2021: Revenue of $936K, expenses of $550K, and assets of $529K (revenue +5.7% year-over-year).
- 2020: Revenue of $886K, expenses of $767K, and assets of $211K (revenue -35.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.7M, and assets of $358K (revenue -4.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.8M, and assets of $484K (revenue -3.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $630K (revenue +14.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $668K (revenue -3.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $704K (revenue +3.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $643K (revenue +6.1% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.4M, and assets of $602K (revenue -12.2% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $589K (revenue -8.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $639K (revenue +35.7% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $696K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philadelphia Folksong Society:
Data Sources and Methodology
This transparency report for Philadelphia Folksong Society 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.