The Rapid City Public School Foundation Inc

Analysis

The Rapid City Public School Foundation Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in May 1993, 33 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 June 2023, The Rapid City Public School Foundation Inc reported income of $474k and spending of $79k, leaving 83% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $61k to $474k (+673%), an average of +98% a year. The sharpest change came in the year to June 2023, when income rose by 738%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Rapid City Public School Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within SD. Charities of a similar size with the same main cause include Arirang Housing Inc ($474k), West Morris Soccer Club ($474k) and Kids Advancing Hope Coalition ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $32k (41% of expenses). At year end it held assets of $1.1m against liabilities of $2,476, net assets of $1.1m. It reported 2 employees.