Quick charity verification for Sioux Falls Concerts Association (EIN: 208119751)
Verdict: Sioux Falls Concerts Association appears trustworthy
95/100Mission Score
$139KRevenue
$201KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $125,523 in 202108 to $175,281 in 202408, demonstrating financial stability.
Zero reported liabilities across all 14 filings, indicating excellent financial health and low risk.
0% officer compensation, maximizing funds available for program delivery.
Revenue consistently exceeding expenses in recent years (e.g., $105,550 revenue vs. $92,091 expenses in 202408).
Strong transparency with 14 consistent IRS 990 filings available for public review.
Spending Breakdown
How Sioux Falls Concerts Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Sioux Falls Concerts Association
Is Sioux Falls Concerts Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Sioux Falls Concerts Association (EIN: 208119751) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Sioux Falls Concerts Association a good charity to donate to?
Sioux Falls Concerts Association has a Mission Score of 95/100. Revenue: $139K. Assets: $201K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sioux Falls Concerts Association?
The Employer Identification Number (EIN) for Sioux Falls Concerts Association is 208119751. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Sioux Falls Concerts Association spend its money?
Sioux Falls Concerts Association allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sioux Falls Concerts Association's tax-exempt status?
You can verify Sioux Falls Concerts Association's tax-exempt status using EIN 208119751 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Sioux Falls Concerts Association demonstrates consistent financial health, with recent filings showing revenues generally exceeding expenses, leading to a steady growth in assets. For example, in the 202408 period, revenue was $105,550 against expenses of $92,091, contributing to assets of $175,281. The organization maintains a strong balance sheet with zero reported liabilities across all provided filings, indicating excellent financial stability and a low-risk profile. This suggests responsible fiscal management and a capacity to meet its obligations.
Spending efficiency appears high, particularly given the consistent reporting of 0% officer compensation, which indicates that leadership is likely volunteer-based, maximizing resources for program delivery. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a strong indicator of efficient use of funds. The organization's ability to maintain and grow assets, even during periods of lower revenue (like 202008 with $29,210 revenue), further supports its operational efficiency.
Transparency is excellent, as evidenced by the readily available and consistent IRS 990 filing history. The consistent reporting of key financial metrics over 14 periods allows for clear trend analysis and demonstrates a commitment to public accountability. The lack of liabilities and the consistent asset growth, combined with no reported officer compensation, paint a picture of a well-managed and transparent nonprofit focused on its mission.