The Fold Inc

Analysis

The Fold Inc is a registered charity in United States, based in Lyndonville, VT. It received its IRS tax-exemption ruling in December 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Fold Inc reported income of $334k and spending of $222k, leaving 33% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $916k to $334k (-64%), an average of -18% a year. The sharpest change came in the year to June 2023, when income rose by 184%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Fold Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 56th percentile within VT. Charities of a similar size with the same main cause include Corpus Christi International Seafarers Center ($334k), Society of St Vincent de Paul Hampton ($334k) and Luther Heights Inc ($334k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $136k. At year end it held assets of $907k against liabilities of $12k, net assets of $895k. It reported 5 employees.