Rapid City Fine Arts Council Inc

Analysis

Rapid City Fine Arts Council Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rapid City Fine Arts Council Inc reported income of $905k and spending of $820k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $532k to $905k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rapid City Fine Arts Council Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within SD. Charities of a similar size with the same main cause include Arts Alliance Tulsa Inc ($905k), Stan Hywet Hall and Gardens Foundation ($905k) and Bakersfield Civic Light Opera Association ($904k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $418k. At year end it held assets of $850k against liabilities of $23k, net assets of $826k. It reported 26 employees.