Rapid City Library Foundation Inc

Analysis

Rapid City Library Foundation Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rapid City Library Foundation Inc reported income of $113k and spending of $234k, spending 208% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $113k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rapid City Library Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within SD. Charities of a similar size with the same main cause include Fashion Law Institute ($113k), Florida Retired Educators Foundation Incorporated ($113k) and Society of Biological Inorganic Chemistry ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.