The Folk School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 213,111 | 173,318 | 39,793 | 5.7 | 29% |
| 2021 | 314,311 | 203,804 | 110,507 | 11.9 | 29% |
| 2022 | 240,581 | 217,437 | 23,144 | 12.4 | 30% |
| 2023 | 274,648 | 269,126 | 5,522 | 10.9 | 28% |
In its most recent public year (2023), this organization brought in $5,522 more than it spent. Its reserves stood at about 10.9 months of spending, up from 5.7 in 2020. Staff pay was 28% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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