Black Hills Studios of the Arts

Analysis

Black Hills Studios of the Arts is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Hills Studios of the Arts reported income of $125k and spending of $136k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $125k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black Hills Studios of the Arts sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within SD. Charities of a similar size with the same main cause include Sweet Adelines International ($125k), Black Hills Suzuki School ($125k) and Sickles High School Band Boosters Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 90% of the total. At year end it held assets of $25k against liabilities of $98k, net assets of -$73k.