Lakota Fund

Analysis

Lakota Fund is a registered charity in United States, based in Kyle, SD. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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, Lakota Fund reported income of $6.2m and spending of $3.0m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $6.2m (+430%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 257%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lakota Fund sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within SD. Charities of a similar size with the same main cause include Brooklyn Alliance Inc ($6.2m), Catapult Greater Pittsburgh Inc ($6.2m) and CPLC New Mexico Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $148k (5.0% of expenses). Other salaries and wages came to $718k. At year end it held assets of $22.3m against liabilities of $7.9m, net assets of $14.4m. It reported 19 employees.