Dakota Lakes Research Farm

Analysis

Dakota Lakes Research Farm is a registered charity in United States, based in Pierre, SD. It received its IRS tax-exemption ruling in June 1982, 44 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, Dakota Lakes Research Farm reported income of $665k and spending of $520k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $665k (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 169%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dakota Lakes Research Farm sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within SD. Charities of a similar size with the same main cause include Sexual Assault Services Organization ($665k), National Conference of State Liquor Administrators ($665k) and Uwvc Foundation Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. Other salaries and wages came to $12k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 3 employees.