Texas Folklife Resources
EIN: 742360058 · Austin, TX · NTEE: A200
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $486K |
| Net Assets | $15K |
Is Texas Folklife Resources Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Texas Folklife Resources
Texas Folklife Resources (EIN: 742360058) is a nonprofit organization based in Austin, TX, classified under NTEE code A200. The organization reported total revenue of $4.4M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Texas Folklife Resources's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Texas Folklife Resources is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $429K |
| Total Expenses | $486K |
| Surplus / Deficit | $-56,975 |
| Total Assets | $522K |
| Total Liabilities | $507K |
| Net Assets | $15K |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 97.1% |
| Months of Reserves | 12.9 months |
Financial Health Grade: C
In 2023, Texas Folklife Resources reported a deficit of $57K with expenses exceeding revenue, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 97.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Texas Folklife Resources's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | -18.6% | +20.3% |
| 2022 | -32.5% | -7.0% | -34.5% |
| 2021 | +23.0% | +40.6% | +4.1% |
| 2020 | +6.1% | -13.1% | +11.8% |
| 2019 | +4.2% | +6.4% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Texas Folklife Resources 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 Texas Folklife Resources 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 $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.1%.
Frequently Asked Questions about Texas Folklife Resources
Is Texas Folklife Resources a legitimate charity?
Based on AI analysis of IRS 990 filings, Texas Folklife Resources (EIN: 742360058) insufficient data. 0 red flags identified, 0 strengths noted.
How does Texas Folklife Resources spend its money?
Detailed spending breakdown data is not yet available for Texas Folklife Resources. Check back for updated IRS 990 analysis.
Are donations to Texas Folklife Resources tax-deductible?
Texas Folklife Resources is registered as a tax-exempt nonprofit (EIN: 742360058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Texas Folklife Resources located?
Texas Folklife Resources is headquartered in Austin, Texas and files with the IRS under EIN 742360058. It is classified under NTEE code A200.
How many years of IRS 990 filings does Texas Folklife Resources have?
Texas Folklife Resources 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 $4.4M in total revenue.
Filing History
IRS 990 filing history for Texas Folklife Resources showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Texas Folklife Resources's revenue has declined by 6.1%, moving from $456K to $429K. Total assets increased by 22.6% over the same period, from $426K to $522K. Total functional expenses rose by 29.4%, from $375K to $486K. In its most recent filing year (2023), Texas Folklife Resources reported a deficit of $57K, with expenses exceeding revenue. The organization holds $507K in liabilities against $522K in assets (debt-to-asset ratio: 97.1%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $429K | $486K | $522K | $507K | — | View 990 |
| 2022 | $441K | $597K | $434K | $362K | — | View 990 |
| 2021 | $654K | $642K | $663K | $456K | — | View 990 |
| 2020 | $532K | $456K | $637K | $442K | — | View 990 |
| 2019 | $501K | $525K | $570K | $450K | — | View 990 |
| 2018 | $481K | $494K | $627K | $484K | — | View 990 |
| 2017 | $570K | $457K | $672K | $516K | — | View 990 |
| 2016 | $468K | $480K | $661K | $617K | — | View 990 |
| 2015 | $542K | $579K | $493K | $347K | — | View 990 |
| 2014 | $407K | $422K | $366K | $183K | — | View 990 |
| 2013 | $414K | $368K | $367K | $169K | — | View 990 |
| 2012 | $276K | $405K | $305K | $152K | — | View 990 |
| 2011 | $456K | $375K | $426K | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $429K, expenses of $486K, and assets of $522K (revenue -2.8% year-over-year).
- 2022: Revenue of $441K, expenses of $597K, and assets of $434K (revenue -32.5% year-over-year).
- 2021: Revenue of $654K, expenses of $642K, and assets of $663K (revenue +23.0% year-over-year).
- 2020: Revenue of $532K, expenses of $456K, and assets of $637K (revenue +6.1% year-over-year).
- 2019: Revenue of $501K, expenses of $525K, and assets of $570K (revenue +4.2% year-over-year).
- 2018: Revenue of $481K, expenses of $494K, and assets of $627K (revenue -15.6% year-over-year).
- 2017: Revenue of $570K, expenses of $457K, and assets of $672K (revenue +21.8% year-over-year).
- 2016: Revenue of $468K, expenses of $480K, and assets of $661K (revenue -13.7% year-over-year).
- 2015: Revenue of $542K, expenses of $579K, and assets of $493K (revenue +33.1% year-over-year).
- 2014: Revenue of $407K, expenses of $422K, and assets of $366K (revenue -1.5% year-over-year).
- 2013: Revenue of $414K, expenses of $368K, and assets of $367K (revenue +50.1% year-over-year).
- 2012: Revenue of $276K, expenses of $405K, and assets of $305K (revenue -39.6% year-over-year).
- 2011: Revenue of $456K, expenses of $375K, and assets of $426K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Texas Folklife Resources:
Data Sources and Methodology
This transparency report for Texas Folklife Resources 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.