Thunder Valley Community Development Corporation

Analysis

Thunder Valley Community Development Corporation is a registered charity in United States, based in Porcupine, SD. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Thunder Valley Community Development Corporation reported income of $6.7m and spending of $7.0m, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $7.9m to $6.7m (-15%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thunder Valley Community Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within SD. Charities of a similar size with the same main cause include Community and Economic Development ($6.7m), Bi-County Services Inc ($6.7m) and Private Industry Council of Passaic County Incorporated ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 9.0% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $22.5m against liabilities of $1.8m, net assets of $20.8m. It reported 78 employees.