University of Sioux Falls

Analysis

University of Sioux Falls is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1950, 76 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Sioux Falls reported income of $36.6m and spending of $38.5m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.9m to $36.6m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Sioux Falls 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 Future Leaders of Americafoundation Inc ($36.6m), Yosemite Valley Charter School ($36.6m) and Garrison Forest School Inc ($36.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $659k (1.7% of expenses). Other salaries and wages came to $11.4m. It paid $20k in professional fundraising fees. At year end it held assets of $94.2m against liabilities of $19.9m, net assets of $74.4m. It reported 698 employees.