Black Hills State University Foundation

Analysis

Black Hills State University Foundation is a registered charity in United States, based in Spearfish, SD. It received its IRS tax-exemption ruling in September 1975, 51 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 December 2023, Black Hills State University Foundation reported income of $5.2m and spending of $2.9m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $5.2m (+146%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black Hills State University Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within SD. Charities of a similar size with the same main cause include Catalyst Education ($5.2m), Franciscan Baton Rouge Inc ($5.2m) and Alumni Association of the University of Mississippi ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $10k. At year end it held assets of $40.8m against liabilities of $7.6m, net assets of $33.1m. It reported 9 employees.