Dakota Business Finance

Analysis

Dakota Business Finance is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Dakota Business Finance reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $737k to $1.4m (+88%), an average of +17% a year. The sharpest change came in the year to September 2020, when income rose by 95%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dakota Business Finance sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within SD. Charities of a similar size with the same main cause include Independent Electrical Contractors Foundation ($1.4m), Downtown Bellingham Association ($1.4m) and Labor Education & Research Project ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $1.0m against liabilities of $25k, net assets of $1.0m.