Mount Rushmore National Memorial Society of Black Hills

Analysis

Mount Rushmore National Memorial Society of Black Hills is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in August 1944, 82 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 December 2023, Mount Rushmore National Memorial Society of Black Hills reported income of $3.0m and spending of $2.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.0m (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 210%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Rushmore National Memorial Society of Black Hills sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within SD. Charities of a similar size with the same main cause include National Association for Bilingual Education ($3.0m), Pico California ($3.0m) and Veterans One-Stop Center of Wny Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $200k (8.4% of expenses). Other salaries and wages came to $619k. At year end it held assets of $19.9m against liabilities of $219k, net assets of $19.6m. It reported 61 employees.