Rapid City Band Association Inc

Analysis

Rapid City Band Association Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rapid City Band Association Inc reported income of $161k and spending of $163k, spending 101% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $324k to $161k (-50%), an average of -30% a year. The sharpest change came in the year to June 2023, when income rose by 234%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rapid City Band Association Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within SD. Charities of a similar size with the same main cause include U-46 Educational Foundation ($161k), Arie Crown Hebrew Day School Endowment Foundation ($161k) and Childrens Care and Development Centers Inc ($161k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.