North Carolina Folk Festival
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 0 | 0 | 0 | — | — |
| 2018 | 0 | 0 | 0 | — | — |
| 2019 | 0 | 0 | 0 | — | — |
| 2020 | 437,752 | 659,670 | −221,918 | 0.4 | 41% |
| 2021 | 1,111,627 | 1,058,252 | 53,375 | 1.0 | 27% |
| 2022 | 1,314,065 | 1,236,250 | 77,815 | 1.7 | 25% |
| 2023 | 1,030,171 | 1,207,015 | −176,844 | 0.1 | 24% |
In its most recent public year (2023), this organization spent $176,844 more than it brought in. Its reserves stood at about 0.1 months of spending. Staff pay was 24% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
North Carolina Folk Festival's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works