Northeast South Dakota Economic Corporation

Analysis

Northeast South Dakota Economic Corporation is a registered charity in United States, based in Sisseton, SD. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Northeast South Dakota Economic Corporation reported income of $1.3m and spending of $889k, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.3m (+13%), an average of +3.0% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeast South Dakota Economic Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within SD. Charities of a similar size with the same main cause include Landmarks Community Capital Corporation ($1.3m), Myrtle Avenue Brooklyn District Management Association Inc ($1.3m) and Achieve Ability Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 72% of the total. Other salaries and wages came to $348k. At year end it held assets of $31.4m against liabilities of $11.6m, net assets of $19.8m.