Michigan Folk School

Analysis

Michigan Folk School is a registered charity in United States, based in Dexter, MI. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Michigan Folk School reported income of $187k and spending of $161k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $120k to $187k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Folk School sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Hebron Hawks Football Booster Club ($187k), Camden Schools Foundation ($187k) and United Union of Roofers Waterproofers and Allied Workers ($187k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.