Arbutus Folk School

Analysis

Arbutus Folk School is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in June 2014, 12 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, Arbutus Folk School reported income of $393k and spending of $325k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $209k to $393k (+88%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arbutus Folk School sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Jaguar Pride Association Inc ($393k), Cambridge Math Circle Inc ($393k) and Mid-Continent Geological Library Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $41k (13% of expenses). Other salaries and wages came to $110k. It paid $1,350 in professional fundraising fees. At year end it held assets of $197k against liabilities of $75k, net assets of $122k. It reported 31 employees.