South Dakota Community Foundation

Analysis

South Dakota Community Foundation is a registered charity in United States, based in Pierre, SD. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, South Dakota Community Foundation reported income of $69.2m and spending of $34.9m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $79.7m to $69.2m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 19% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Dakota Community Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include Ufcw Charity Foundation ($69.2m), Telescope Fund ($69.4m) and Waterstone Support Foundation Inc ($69.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $610k (1.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $886.1m against liabilities of $67.4m, net assets of $818.7m. It reported 18 employees.