MISSION
An organization to assist in increasing the awareness and appreciation of North Carolina folk art by encouraging its creation, performance and study and for such other purposes as permitted within 501(c)(3) of the Internal Revenue, as amended.
NCFOLKART.COMDEMOGRAPHIC
ADDRESS
1930 SWAIM RD
27127
COUNTY
forsyth county, NC
ORGANIZATIONAL OVERVIEW & RANKINGS
NC FOLK ART INC is a based in WINSTON SALEM, NC, focused on Arts, Culture and Humanities causes , specifically Arts, Cultural Organizations - Multipurpose. Established in November 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 2,569,644 among 2,656,690 nonprofits nationally (Top 97%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 57,995 out of 80,207 organizations in NC (Top 73%).
In forsyth county, NC, the organization ranks 2,956 out of 3,233 nonprofits by assets (Top 92%), while locally in winston salem, it stands at 2,015 among 2,250 organizations (Top 90%).
The organization reported no revenue in the most recent filing period, placing it at 2,034,888 nationally and 55,855 in NC.
Within its specific NTEE classification (A20 - A: Arts, Culture and Humanities), which includes 16,560 similar organizations, NC FOLK ART INC ranks 14,974 in assets (Top 91%) and 13,635 in revenue (Top 83%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at NCFOLKART.COM.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
A: Arts, Culture and Humanities
NTEE CODE
A20: Arts, Cultural Organizations - Multipurpose
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
N/A
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
11/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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