Ssomusd Residency Corporation

Analysis

Ssomusd Residency Corporation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Ssomusd Residency Corporation reported income of $12.4m and spending of $12.3m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.8m to $12.4m (+15%), an average of +3.6% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ssomusd Residency Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within SD. Charities of a similar size with the same main cause include Princeton-Blairstown Center Inc ($12.4m), Institute for the Psychological Sciences ($12.4m) and Cornerstone Classical Academy ($12.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.2m. At year end it held assets of $1.2m against liabilities of $215k, net assets of $990k. It reported 162 employees.