Skandia Folkdance Society

Analysis

Skandia Folkdance Society is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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 July 2024, Skandia Folkdance Society reported income of $80k and spending of $90k, spending 112% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income grew from $66k to $80k (+21%), an average of +21% a year. The sharpest change came in the year to July 2024, when income rose by 21%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skandia Folkdance Society sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Father Robert J McAuley SJ Scholarship Fund ($80k), Kenosha Forgotten Friends Inc ($80k) and Selmer Senior Center Incorporated ($80k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 9.6% and program service revenue 78% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.