South Dakota Development Corporation

Analysis

South Dakota Development Corporation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in November 2025. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Development Corporation reported income of $640k and spending of $550k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $640k (+508%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 141% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Dakota Development Corporation sits at the 71st percentile: it is larger than about 71% 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 Lakewoodalive ($640k), Tradeswoman Incorporated ($640k) and Hope Creek Charitable Foundation ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $105k (19% of expenses). Other salaries and wages came to $197k. At year end it held assets of $182k against liabilities of $253k, net assets of -$70k. It reported 4 employees.