New York Folklore Society

Analysis

New York Folklore Society is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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 December 2023, New York Folklore Society reported income of $755k and spending of $681k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $755k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Folklore Society sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Riverside Bible Conference Assn ($755k), Cham Refugees Community ($756k) and Community Housing Services ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). At year end it held assets of $96k against liabilities of $15k, net assets of $81k. It reported 6 employees.