Scottish Rite Foundation of South Dakota

Analysis

Scottish Rite Foundation of South Dakota is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in August 1964, 62 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, Scottish Rite Foundation of South Dakota reported income of $305k and spending of $346k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $655k to $305k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Scottish Rite Foundation of South Dakota sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within SD. Charities of a similar size with the same main cause include American Friends of Rinat Aharon Inc ($305k), Can Obiejemba Family Foundation Inc ($305k) and Filipino Community of Sacramento and Vicinity ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. Other salaries and wages came to $24k. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.