Sioux Falls Ministry Center

Analysis

Sioux Falls Ministry Center is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sioux Falls Ministry Center reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $926k to $1.3m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sioux Falls Ministry Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within SD. Charities of a similar size with the same main cause include Forward Learning Youth and Young Adults Inc ($1.3m), Chevra Gemach Inc ($1.3m) and 3rd Decade Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $68k (5.8% of expenses). Other salaries and wages came to $136k. At year end it held assets of $9.2m against liabilities of $5.3m, net assets of $3.9m. It reported 9 employees.