Credit Union Foundation of the Dakotas

Analysis

Credit Union Foundation of the Dakotas is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in May 2019, 7 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, Credit Union Foundation of the Dakotas reported income of $54k and spending of $32k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $54k (+13%), an average of +13% a year. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Credit Union Foundation of the Dakotas sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 13th percentile within ND. Charities of a similar size with the same main cause include NCL Inc South Austin Wildflowers Chapter ($54k), Eastern Hancock Education Foundation ($54k) and Brick Companies Foundation Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.