everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Ely Folk School

Ely, MN / EIN 47-2706626 / Form 990 / latest filing 2023
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
201694,47791,8402,6374.2
201796,439100,745−4,3063.3
2018104,06797,0047,0634.3
201999,15995,4703,6894.4
202077,43981,554−4,1154.4
2021139,259116,88722,3725.3
2022172,433138,46133,9727.4
2023267,705219,05248,6537.526%

In its most recent public year (2023), this organization brought in $48,653 more than it spent. Its reserves stood at about 7.5 months of spending, up from 4.2 in 2016. Staff pay was 26% 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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