Folium Inc

Analysis

Folium Inc is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Folium Inc reported income of $26.6m and spending of $25.1m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $20.3m to $26.6m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Folium Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Caribou Medical Center Inc ($26.5m), Greater East Texas Community Action Program ($26.6m) and New Concepts for Living Inc ($26.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $306k (1.2% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $18.3m against liabilities of $1.4m, net assets of $16.9m. It reported 482 employees.