Friends of South Dakota Public Broadcasting

Analysis

Friends of South Dakota Public Broadcasting is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 1973, 53 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 June 2024, Friends of South Dakota Public Broadcasting reported income of $4.4m and spending of $4.8m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.7m to $4.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of South Dakota Public Broadcasting sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include Washington Center for the Performing Arts ($4.4m), Balboa Park Cultural Partnership ($4.4m) and Actors Playhouse Productions Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $254k (5.2% of expenses). Other salaries and wages came to $846k. It paid $226k in professional fundraising fees. At year end it held assets of $11.7m against liabilities of $2.7m, net assets of $9.0m. It reported 16 employees.