Duluth Folk School

Analysis

Duluth Folk School is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in December 2017, 9 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 2023, Duluth Folk School reported income of $91k and spending of $124k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $91k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Duluth Folk School 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 34th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Listoamerica Inc ($91k), Agape Scholars International Inc ($91k) and National Coalition for Technology in Education & Training ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. At year end it held assets of $3,481 against liabilities of $70k, net assets of -$66k.