Sioux Falls Arts Council

Analysis

Sioux Falls Arts Council is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 1986, 40 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, Sioux Falls Arts Council reported income of $209k and spending of $164k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $259k to $209k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sioux Falls Arts Council sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within SD. Charities of a similar size with the same main cause include Love Doesnt Hurt ($209k), East Norwalk Improvement Assoc Inc ($209k) and Urbandale Girls Recreation Association ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $47k (29% of expenses). Other salaries and wages came to $3,783. At year end it held assets of $264k against liabilities of $350, net assets of $264k. It reported 2 employees.