Adirondack Folk School Incorporated

Analysis

Adirondack Folk School Incorporated is a registered charity in United States, based in Lake Luzerne, NY. It received its IRS tax-exemption ruling in July 2010, 16 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, Adirondack Folk School Incorporated reported income of $442k and spending of $395k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $442k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adirondack Folk School Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Christian Faith Academy of Higher Learning Inc ($442k), Clay Studio of Missoula ($442k) and Tennessee Music Education Association ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 42% of the total. Other salaries and wages came to $138k. At year end it held assets of $409k against liabilities of $116k, net assets of $293k. It reported 6 employees.