Folkshop Inc

Analysis

Folkshop Inc is a registered charity in United States, based in St Ignatius, MT. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, Folkshop Inc reported income of $108k and spending of $113k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $108k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Folkshop Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MT. Charities of a similar size with the same main cause include Rochester Greenovation Inc ($108k), Ted R Green Foundation ($108k) and Crime Stoppers of Northeast Florida Inc ($108k).

At year end it held assets of $113k against liabilities of $1,551, net assets of $112k.