Lakota Communications Inc

Analysis

Lakota Communications Inc is a registered charity in United States, based in Porcupine, SD. It received its IRS tax-exemption ruling in May 2017, 9 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 August 2023, Lakota Communications Inc reported income of $417k and spending of $381k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $387k to $417k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to August 2021, when income rose by 62%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakota Communications Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within SD. Charities of a similar size with the same main cause include Elys Historic State Theater ($417k), Carnegie Visual Arts Center Inc ($417k) and Suffolk County Historical Society ($417k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $44k (12% of expenses). Other salaries and wages came to $168k. At year end it held assets of $1.0m against liabilities of $160k, net assets of $843k. It reported 15 employees.