Black Hills Area Community Foundation

Analysis

Black Hills Area Community Foundation is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in March 1989, 37 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 December 2023, Black Hills Area Community Foundation reported income of $7.3m and spending of $7.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.0m to $7.3m (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Black Hills Area Community Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within SD. Charities of a similar size with the same main cause include Armstrong County Community Foundation ($7.3m), Lincoln County Opportunity Company ($7.3m) and The Levine-Lent Family Foundation ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $174k (2.4% of expenses). Other salaries and wages came to $489k. At year end it held assets of $56.0m against liabilities of $13.7m, net assets of $42.3m. It reported 10 employees.