The Folk School

Analysis

The Folk School is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Folk School reported income of $275k and spending of $269k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $275k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Folk School 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 60th percentile, and in the 55th percentile within AK. Charities of a similar size with the same main cause include West Chester Dance Works ($274k), Partners Uplifting Our Daughters ($275k) and Grays Harbor Youth Livestock Auction Association ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. Other salaries and wages came to $76k. At year end it held assets of $392k against liabilities of $148k, net assets of $244k. It reported 3 employees.