Local Learning the National Network for Folk Arts in Education

Analysis

Local Learning the National Network for Folk Arts in Education is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Local Learning the National Network for Folk Arts in Education reported income of $245k and spending of $239k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $231k to $245k (+6.4%), an average of +6.4% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local Learning the National Network for Folk Arts in Education 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 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Montessori Academy in the Oaks Inc ($245k), Tynkertopia Inc ($245k) and Association for Practical and Professional Ethics ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $50k (21% of expenses). Other salaries and wages came to $40k. At year end it held assets of $146k against liabilities of $75k, net assets of $71k. It reported 2 employees.