South Dakota Hall of Fame

Analysis

South Dakota Hall of Fame is a registered charity in United States, based in Chamberlain, SD. It received its IRS tax-exemption ruling in December 1976, 50 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 December 2023, South Dakota Hall of Fame reported income of $695k and spending of $650k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $830k to $695k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 63% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Dakota Hall of Fame sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within SD. Charities of a similar size with the same main cause include Moorpark Community Foundation for the Arts ($695k), Mandarin Language and Cultural Center ($695k) and Fort Ross Conservancy ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $141k (22% of expenses). Other salaries and wages came to $107k. At year end it held assets of $4.7m against liabilities of $324k, net assets of $4.4m. It reported 5 employees.