West River Foundation

Analysis

West River Foundation is a registered charity in United States, based in Sturgis, SD. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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, West River Foundation reported income of $4.3m and spending of $4.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.3m (+50%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West River Foundation sits at the 91st percentile: it is larger than about 91% 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 Veterans North East Outreach Center Inc ($4.3m), Burleson St Joseph Manor ($4.3m) and Tully Hill Corporation ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $65k (1.6% of expenses). Other salaries and wages came to $109k. At year end it held assets of $7.8m against liabilities of $1.2m, net assets of $6.7m. It reported 7 employees.