Susquehanna Folk Music Society Inc

Analysis

Susquehanna Folk Music Society Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 August 2023, Susquehanna Folk Music Society Inc reported income of $141k and spending of $126k, spending 89% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $194k to $141k (-28%), an average of -28% a year. The sharpest change came in the year to August 2023, when income dropped by 28%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Susquehanna Folk Music Society Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include The Junior Achievement of Greater New Orleans Education Foundation I ($141k), PTA California Congress of Parents Teachers & Students Inc ($141k) and Biloxi First Inc ($141k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 33% of the total. At year end it held assets of $54k against liabilities of $1,558, net assets of $53k.