Folklore Village Farm Inc

Analysis

Folklore Village Farm Inc is a registered charity in United States, based in Dodgeville, WI. It received its IRS tax-exemption ruling in January 1973, 53 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 December 2023, Folklore Village Farm Inc reported income of $427k and spending of $300k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $427k (+66%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folklore Village Farm Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Mister Mac Behavioral Consultants Inc ($427k), Kids Discovery Station ($427k) and Verde Valley Archaeology Center ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $57k (19% of expenses). Other salaries and wages came to $63k. At year end it held assets of $559k against liabilities of $7,042, net assets of $552k. It reported 4 employees.