Duluth Folk School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 1,784 | 137 | 1,647 | 144.3 | — |
| 2019 | 444 | 433 | 11 | 45.9 | — |
| 2021 | 150,090 | 139,282 | 10,808 | 0.9 | — |
| 2022 | 133,742 | 140,710 | −6,968 | -2.8 | — |
| 2023 | 90,554 | 123,783 | −33,229 | -6.4 | — |
In its most recent public year (2023), this organization spent $33,229 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.4 months), down from 144.3 in 2018.
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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works