South Dakota State Medical Association Foundation

Analysis

South Dakota State Medical Association Foundation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Dakota State Medical Association Foundation reported income of $490k and spending of $131k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $490k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Dakota State Medical Association Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within SD. Charities of a similar size with the same main cause include Action Mile High Foundation ($490k), American Academy of International Culture and Education Inc ($490k) and Regency Foundation ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 0.8% of the total. At year end it held assets of $6.4m against liabilities of $27k, net assets of $6.4m.