Cityfolk had large operating deficits in four of the last five years, but a $100,000 shortfall from the storm-ravaged 2012 Cityfolk Festival was a devastating blow for the struggling nonprofit arts group, according to a Dayton Daily News review of Cityfolk’s tax records.
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Cityfolk revenues (in dollars)
Year Revenue Expenses Difference
2012 573,695 711,737 -138,042
2011 726,466 743,443 -16,977
2010 827,631 882,678 -55,047
2009 854,829 883,679 -28,850
2008 877,391 873,475 3,916
Source: Cityfolk IRS Form 990 reports
How we got the story
Dayton Daily News reporter Dave Larsen examined more than 10 years of Cityfolk’s tax records, and interviewed state and local arts officials to uncover the reasons behind the nonprofit organization’s suspension of programming.
See photos and video from recent Cityfolk festivals at myDaytonDailyNews.com