South Dakota State Fair Foundation

Analysis

South Dakota State Fair Foundation is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in June 1994, 32 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, South Dakota State Fair Foundation reported income of $1.6m and spending of $5.3m, spending 340% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.8m to $1.6m (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 85% 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 State Fair Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within SD. Charities of a similar size with the same main cause include Colorado Nonprofit Association ($1.6m), College Hill Community Urban Redevelopment Corporation ($1.6m) and Midtown Cleveland ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.