South Dakota State University Foundation

Analysis

South Dakota State University Foundation is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in April 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. 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, South Dakota State University Foundation reported income of $63.7m and spending of $68.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $58.0m to $63.7m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Dakota State University Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include McCallie School Inc ($63.6m), Graduate Management Admission Council ($63.7m) and McKendree University ($63.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $775k (1.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $389.4m against liabilities of $12.5m, net assets of $376.9m. It reported 54 employees.