The Folk School
EIN: 452974643 · Fairbanks, AK · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $645K |
| Total Expenses | $269K |
| Net Assets | $244K |
Is The Folk School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Folk School
The Folk School (EIN: 452974643) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code O50. The organization reported total revenue of $645K and total assets of $585K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Folk School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Folk School is a small nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $269K |
| Surplus / Deficit | +$6K |
| Total Assets | $392K |
| Total Liabilities | $148K |
| Net Assets | $244K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 37.7% |
| Months of Reserves | 17.5 months |
Financial Health Grade: A
In 2023, The Folk School reported a surplus of $6K with revenue exceeding expenses, holds 17.5 months of operating reserves (strong position), has a debt-to-asset ratio of 37.7% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), The Folk School's revenue has grown at a compound annual growth rate (CAGR) of 16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.2% | +23.8% | +2.2% |
| 2022 | -23.5% | +6.7% | +5.2% |
| 2021 | +47.5% | +17.6% | +102.2% |
| 2020 | -5.8% | -16.8% | +69.0% |
| 2019 | +18.5% | +0.4% | +188.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Folk School has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Folk School with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.7%.
Frequently Asked Questions about The Folk School
Is The Folk School a legitimate charity?
The Folk School (EIN: 452974643) is a registered tax-exempt nonprofit based in Alaska. It has 11 years of IRS 990 filings on record. Total revenue: $645K. No red flags identified. Financial health grade: A.
How does The Folk School spend its money?
The Folk School reported $645K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Folk School tax-deductible?
The Folk School is registered as a tax-exempt nonprofit (EIN: 452974643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Folk School located?
The Folk School is headquartered in Fairbanks, Alaska and files with the IRS under EIN 452974643. It is classified under NTEE code O50.
How many years of IRS 990 filings does The Folk School have?
The Folk School has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $645K in total revenue.
Filing History
IRS 990 filing history for The Folk School showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), The Folk School's revenue has grown by 339.9%, moving from $62K to $275K. Total assets increased by 1766.6% over the same period, from $21K to $392K. Total functional expenses rose by 530.4%, from $43K to $269K. In its most recent filing year (2023), The Folk School reported a surplus of $6K, with revenue exceeding expenses. The organization holds $148K in liabilities against $392K in assets (debt-to-asset ratio: 37.7%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $269K | $392K | $148K | — | View 990 |
| 2022 | $241K | $217K | $383K | $158K | — | — |
| 2021 | $314K | $204K | $364K | $162K | — | View 990 |
| 2020 | $213K | $173K | $180K | $98K | — | View 990 |
| 2019 | $226K | $208K | $107K | $64K | — | View 990 |
| 2018 | $191K | $207K | $37K | $12K | — | View 990 |
| 2017 | $211K | $237K | $44K | $3K | — | View 990 |
| 2016 | $178K | $152K | $68K | $636 | — | View 990 |
| 2015 | $102K | $106K | $46K | $5K | — | View 990 |
| 2014 | $87K | $77K | $48K | $4K | — | View 990 |
| 2013 | $62K | $43K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $269K, and assets of $392K (revenue +14.2% year-over-year).
- 2022: Revenue of $241K, expenses of $217K, and assets of $383K (revenue -23.5% year-over-year).
- 2021: Revenue of $314K, expenses of $204K, and assets of $364K (revenue +47.5% year-over-year).
- 2020: Revenue of $213K, expenses of $173K, and assets of $180K (revenue -5.8% year-over-year).
- 2019: Revenue of $226K, expenses of $208K, and assets of $107K (revenue +18.5% year-over-year).
- 2018: Revenue of $191K, expenses of $207K, and assets of $37K (revenue -9.6% year-over-year).
- 2017: Revenue of $211K, expenses of $237K, and assets of $44K (revenue +18.3% year-over-year).
- 2016: Revenue of $178K, expenses of $152K, and assets of $68K (revenue +74.7% year-over-year).
- 2015: Revenue of $102K, expenses of $106K, and assets of $46K (revenue +17.4% year-over-year).
- 2014: Revenue of $87K, expenses of $77K, and assets of $48K (revenue +39.3% year-over-year).
- 2013: Revenue of $62K, expenses of $43K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Folk School:
Data Sources and Methodology
This transparency report for The Folk School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.