Sioux Falls Area Community Foundation Inc

Analysis

Sioux Falls Area Community Foundation Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Sioux Falls Area Community Foundation Inc reported income of $36.9m and spending of $31.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.5m to $36.9m (-22%), an average of -6.1% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sioux Falls Area Community Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SD. Charities of a similar size with the same main cause include Jewish Federation of Omaha Inc ($36.6m), United Way of Southwest New Mexico ($36.9m) and UNICEF USA Impact Fund for Children Inc ($36.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $488k (1.5% of expenses). Other salaries and wages came to $509k. At year end it held assets of $283.1m against liabilities of $41.4m, net assets of $241.7m. It reported 13 employees.