Dakota Resources

Analysis

Dakota Resources is a registered charity in United States, based in Renner, SD. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Dakota Resources reported income of $3.9m and spending of $2.9m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $3.9m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dakota Resources sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within SD. Charities of a similar size with the same main cause include Wichita Falls Faith Mission Inc ($3.9m), Legacy for the Kingdom ($3.9m) and Pronto of Long Island Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $325k (11% of expenses). Other salaries and wages came to $692k. At year end it held assets of $37.8m against liabilities of $22.8m, net assets of $15.0m. It reported 10 employees.