University of South Dakota Foundation

Analysis

University of South Dakota Foundation is a registered charity in United States, based in Vermillion, SD. It received its IRS tax-exemption ruling in July 1967, 59 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 December 2023, University of South Dakota Foundation reported income of $28.2m and spending of $31.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $28.4m to $28.2m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of South Dakota Foundation 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 South Sutter Charter School ($28.2m), Canterbury School Incorporated ($28.2m) and Walker Inc ($28.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $666k (2.1% of expenses). Other salaries and wages came to $2.4m. It paid $203k in professional fundraising fees. At year end it held assets of $354.8m against liabilities of $18.2m, net assets of $336.6m. It reported 45 employees.