Rapid City Concert Association

Analysis

Rapid City Concert Association is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in May 1952, 74 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Rapid City Concert Association reported income of $72k and spending of $57k, leaving 20% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $51k to $72k (+42%), an average of +42% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rapid City Concert Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 22nd percentile within SD. Charities of a similar size with the same main cause include Saludarte Foundation Inc ($72k), Chippewa Falls Museum of Industry & Technology Inc ($72k) and Nelson County Arts Council ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 14% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.