Lansing Area Folksong Society

Analysis

Lansing Area Folksong Society is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Lansing Area Folksong Society reported income of $79k and spending of $78k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $85k to $79k (-6.2%), an average of -6.2% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lansing Area Folksong Society sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Colquitt County Arts Foundation Inc ($79k), Westside Cultural Alliance ($79k) and Historic Worthington Inc ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 83% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.