Folklore Society of Greater Washington

Analysis

Folklore Society of Greater Washington is a registered charity in United States, based in Cabin John, MD. It received its IRS tax-exemption ruling in May 1965, 61 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 August 2023, Folklore Society of Greater Washington reported income of $252k and spending of $271k, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $291k to $252k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Folklore Society of Greater Washington 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 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Athena Rapid Response Innovation Lab ($252k), Scottish Society of Charleston Inc ($252k) and Bristol Bay Historical Society Inc ($252k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 39% and program service revenue 56% of the total. At year end it held assets of $221k against liabilities of $61k, net assets of $160k.