Marine Mills Folk School

Analysis

Marine Mills Folk School is a registered charity in United States, based in Marine St CRX, MN. It received its IRS tax-exemption ruling in July 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marine Mills Folk School reported income of $272k and spending of $277k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $334k to $272k (-18%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marine Mills Folk School sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Hendersonville Symphony Orchestra Inc ($272k), RBF Dome NFP ($272k) and Kitchen Dog Theater Company ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $23k (8.4% of expenses). Other salaries and wages came to $84k. At year end it held assets of $235k against liabilities of $0, net assets of $235k. It reported 3 employees.