Is Sioux Falls Sports Authority Legit?

Quick charity verification for Sioux Falls Sports Authority (EIN: 205850491)

Verdict: Sioux Falls Sports Authority appears trustworthy

85/100Mission Score

$891KRevenue

$967KAssets

3Red Flags

3Strengths

Red Flags

Significant year-over-year revenue and expense volatility, making financial planning potentially challenging.
Expenses exceeding revenue in multiple periods (e.g., 2023, 2018), indicating potential reliance on reserves or prior surpluses.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a precise efficiency assessment.

Strengths

Consistent 0% officer compensation, indicating strong commitment to mission over executive salaries.
Ability to manage and execute large-scale operations, as evidenced by multi-million dollar revenues and expenses in prior years.
Healthy asset base relative to current revenue, with $907,013 in assets against $433,742 in 2023 revenue.

Spending Breakdown

How Sioux Falls Sports Authority allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Sports Authority

Is Sioux Falls Sports Authority a legitimate charity?

Based on AI analysis of IRS 990 filings, Sioux Falls Sports Authority (EIN: 205850491) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is Sioux Falls Sports Authority a good charity to donate to?

Sioux Falls Sports Authority has a Mission Score of 85/100. Revenue: $891K. Assets: $967K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sioux Falls Sports Authority?

The Employer Identification Number (EIN) for Sioux Falls Sports Authority is 205850491. 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 Sports Authority spend its money?

Sioux Falls Sports Authority allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Sioux Falls Sports Authority's tax-exempt status?

You can verify Sioux Falls Sports Authority's tax-exempt status using EIN 205850491 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 Sports Authority demonstrates a fluctuating financial profile, with significant variations in revenue and expenses over the past decade. For instance, revenue peaked at $7,935,102 in 2019 but has since decreased substantially to $433,742 in 2023. Despite these fluctuations, the organization consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries. The organization's assets have also varied, reaching a high of $3,957,566 in 2018 and settling at $907,013 in 2023, suggesting a period of significant activity followed by a more stable, albeit smaller, operational scale. The consistent reporting of 0% officer compensation across all filings is a positive indicator of transparency and a focus on program delivery.

Spending efficiency appears to be generally sound, with expenses often closely tracking revenue, though there have been periods where expenses exceeded revenue, such as in 2023 ($464,227 expenses vs. $433,742 revenue) and 2018 ($8,216,482 expenses vs. $7,445,101 revenue). This suggests that the organization occasionally operates with a deficit, potentially drawing on reserves or prior year surpluses. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation is a strong positive for transparency and efficiency in leadership costs.

Overall, the Sioux Falls Sports Authority appears to be a transparent organization, particularly regarding executive compensation. Its financial health, while showing significant year-to-year variability, indicates an ability to manage substantial projects and then scale down operations. The consistent lack of officer compensation is a notable strength, suggesting that resources are primarily allocated to operational activities and programs. Further detailed expense breakdowns would enhance the understanding of their spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.