First United Methodist Church Foundation of Sioux Falls

Analysis

First United Methodist Church Foundation of Sioux Falls is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First United Methodist Church Foundation of Sioux Falls reported income of $126k and spending of $237k, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $126k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First United Methodist Church Foundation of Sioux Falls sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within SD. Charities of a similar size with the same main cause include Native Roots Farm Foundation ($126k), Oscar Romero House Inc ($126k) and The Bowne House Historical Society Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $2.5m against liabilities of $548k, net assets of $2.0m.