Sioux Falls Cares Inc

Analysis

Sioux Falls Cares Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sioux Falls Cares Inc reported income of $274k and spending of $185k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $274k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sioux Falls Cares Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within SD. Charities of a similar size with the same main cause include Friends of Malta House ($274k), Woodbridge Community Charity Fund Inc ($274k) and Carroll Electric Membership Foundat Ion Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $769k against liabilities of $0, net assets of $769k.