Folk Arts-Cultural Treasures Charter School

Analysis

Folk Arts-Cultural Treasures Charter School is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2006, 20 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 June 2023, Folk Arts-Cultural Treasures Charter School reported income of $9.6m and spending of $8.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.6m (+25%), an average of +5.7% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Folk Arts-Cultural Treasures Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Freedom Classical Academy Inc ($9.6m), Hebrew Language Academy Charter School 2 ($9.6m) and United Charter High School for the Humanities II ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $8.2m against liabilities of $11.1m, net assets of -$3.0m. It reported 82 employees.