North House Folk School

Analysis

North House Folk School is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North House Folk School reported income of $4.4m and spending of $2.5m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.4m (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North House Folk School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Center for Collaborative Education Inc ($4.4m), Jocotoco Conservation Foundation ($4.4m) and Kutztown University Student Services Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $85k (3.5% of expenses). Other salaries and wages came to $645k. At year end it held assets of $8.2m against liabilities of $1.4m, net assets of $6.8m. It reported 20 employees.