Folk School of Fayetteville Inc

Analysis

Folk School of Fayetteville Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 2012, 14 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 (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, Folk School of Fayetteville Inc reported income of $184k and spending of $149k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $825k to $184k (-78%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folk School of Fayetteville Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within AR. Charities of a similar size with the same main cause include Stage 212 Incorporated ($184k), Corning - Painted Post Civic Music Asssociation ($184k) and Ridgefield Guild of Artists ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Other salaries and wages came to $14k. At year end it held assets of $211k against liabilities of $157k, net assets of $54k. It reported 13 employees.