Harold K & Myrtle C Folk Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Harold K & Myrtle C Folk Charitable Foundation is a 501(c)(3) organization based in Cleveland, Ohio, registered in 1983, with $4,370 in FY2023 revenue. CharityIndex grades it F.
Co 1111 Superior Ave 700, Cleveland, OH, 44114 EIN 34-1373593 Since 1983
Revenue (FY2023)
$4,370
▼ 81.0% vs prior year
Expenses (FY2023)
$48K
Net assets
$519K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Harold K & Myrtle C Folk Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating129 mo reserves · -1008% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Harold K & Myrtle C Folk Charitable Foundation: 129 mo reserves · -1008% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Harold K & Myrtle C Folk Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Harold K & Myrtle C Folk Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $185K (FY2013) to $4,370 (FY2023) across 7 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $519K
Operating margin
-1007.9%
Spent more than it raised in the latest fiscal year.
Total assets
$519K
Total liabilities
$0
Net assets
$519K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,370▼81.0% | $48,415▼7.3% | $518,754▼7.8% | $518,754▼7.8% | 990PF |
| 2022 | $22,963▼56.9% | $52,230▼20.4% | $562,799▼4.9% | $562,799▼4.9% | 990PF |
| 2021 | $53,230▼81.4% | $65,577▼92.8% | $592,066▼2.0% | $592,066▼2.0% | 990PF |
| 2020 | $286,538▲481% | $916,375▲675% | $604,413▼51.0% | $604,413▼51.0% | 990PF |
| 2019 | $49,351▼68.3% | $118,315▼17.5% | $1,234,250▼14.9% | $1,234,250▼14.9% | 990PF |
| 2014 | $155,529▼15.8% | $143,456▲12.7% | $1,449,715▲0.8% | $1,449,715▲0.8% | 990PF |
| 2013 | $184,693 | $127,329▲2.2% | $1,437,642▲4.2% | $1,437,642▲4.2% | 990PF |
| 2012 | — | $124,580 | $1,380,278 | $1,380,278 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Harold K & Myrtle C Folk Charitable Foundation a legitimate nonprofit?
- Yes. Harold K & Myrtle C Folk Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1373593, based in Cleveland, Ohio. Donations are tax-deductible.
- What is Harold K & Myrtle C Folk Charitable Foundation's EIN?
- Harold K & Myrtle C Folk Charitable Foundation's Employer Identification Number (EIN) is 34-1373593.
- How much revenue does Harold K & Myrtle C Folk Charitable Foundation report?
- Harold K & Myrtle C Folk Charitable Foundation reported $4,370 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Harold K & Myrtle C Folk Charitable Foundation have?
- CharityIndex grades Harold K & Myrtle C Folk Charitable Foundation F, based on financial health (reserves and operating margin).
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Data for Harold K & Myrtle C Folk Charitable Foundation (EIN 34-1373593) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.