Sdsm&t Center for Alumni Relations & Advancement

Analysis

Sdsm&t Center for Alumni Relations & Advancement is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in October 1959, 67 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 June 2024, Sdsm&t Center for Alumni Relations & Advancement reported income of $28.0m and spending of $17.2m, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $75.7m to $28.0m (-63%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 417%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sdsm&t Center for Alumni Relations & Advancement sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SD. Charities of a similar size with the same main cause include Churchill School and Center ($27.9m), New Hampton School ($28.0m) and Lighthouse School Inc ($27.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $471k (2.7% of expenses). Other salaries and wages came to $789k. It paid $104k in professional fundraising fees. At year end it held assets of $159.3m against liabilities of $6.4m, net assets of $152.9m. It reported 21 employees.