Dakota State University Foundation

Analysis

Dakota State University Foundation is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dakota State University Foundation reported income of $5.9m and spending of $13.7m, spending 233% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.9m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 342%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dakota State University Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within SD. Charities of a similar size with the same main cause include American Heritage Charter School ($5.9m), Kids Central Inc ($5.9m) and Code the Dream Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 115% and program service revenue 0.4% of the total. At year end it held assets of $96.1m against liabilities of $53.1m, net assets of $43.0m.