Folk Pittsburgh

Analysis

Folk Pittsburgh is a registered charity in United States, based in Wexford, PA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Folk Pittsburgh reported income of $837k and spending of $1.2m, spending 143% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $696k to $837k (+20%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 225%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Folk Pittsburgh sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Brandon Anderson Foundation ($837k), Natural Creativity ($838k) and St John Boys Home Inc ($836k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $230k, net assets of $909k.