Sicangu Community Development Corporation

Analysis

Sicangu Community Development Corporation is a registered charity in United States, based in Mission, SD. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sicangu Community Development Corporation reported income of $3.4m and spending of $2.8m, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.3m to $3.4m (+160%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sicangu Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within SD. Charities of a similar size with the same main cause include Streetwise Partners Incorporated ($3.4m), The Rosewood Initiative ($3.4m) and New Ventures Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $868k. At year end it held assets of $4.3m against liabilities of $3.4m, net assets of $838k. It reported 28 employees.