Crazy Horse Memorial Foundation

Analysis

Crazy Horse Memorial Foundation is a registered charity in United States, based in Crazy Horse, SD. It received its IRS tax-exemption ruling in November 1949, 77 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Crazy Horse Memorial Foundation reported income of $14.3m and spending of $8.3m, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.7m to $14.3m (+48%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 127%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Crazy Horse Memorial Foundation 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 96th percentile, and in the 96th percentile within SD. Charities of a similar size with the same main cause include Museum of the Marine ($14.3m), Bric Arts Media Bklyn Inc ($14.3m) and Utah Film Center Dba Salt Lake City Film Center and ($14.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $861k (10% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $130.4m against liabilities of $1.7m, net assets of $128.7m. It reported 155 employees.