Little Folks School

Analysis

Little Folks School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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, Little Folks School reported income of $2.1m and spending of $2.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $2.1m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Little Folks School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include United Way of Northeastern Minnesota Inc ($2.1m), Uncw Student Aid Association Inc ($2.1m) and Tasks Unlimited Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $239k (9.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.4m against liabilities of $2.8m, net assets of $3.6m. It reported 44 employees.