Folk-Time Inc

Analysis

Folk-Time Inc is a registered charity in United States, based in Tigard, OR. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Folk-Time Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.1m (-24%), an average of -6.8% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Folk-Time Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Naleh Inc ($1.1m), Tahoe Youth and Family Services ($1.1m) and Servants Heart Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $37k (3.5% of expenses). Other salaries and wages came to $671k. At year end it held assets of $776k against liabilities of $120k, net assets of $657k. It reported 29 employees.