Central States Fair Foundation
Central States Fair Foundation consistently grows assets with low expenses and no officer compensation.
EIN: 202523171 · Rapid City, SD · NTEE: K11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $20K |
| Program Spending | 90% |
| Net Assets | $497K |
| Transparency Score | 92/100 |
Is Central States Fair Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central States Fair Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central States Fair Foundation
Central States Fair Foundation (EIN: 202523171) is a nonprofit organization based in Rapid City, SD, classified under NTEE code K11. The organization reported total revenue of $93K and total assets of $602K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central States Fair Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central States Fair Foundation is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $20K |
| Surplus / Deficit | +$73K |
| Total Assets | $497K |
| Net Assets | $497K |
| Operating Margin | 78.7% |
| Months of Reserves | 301.7 months |
Financial Health Grade: A
In 2023, Central States Fair Foundation reported a surplus of $73K with revenue exceeding expenses, holds 301.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Central States Fair Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | -52.9% | +23.5% |
| 2022 | -0.7% | +155.2% | +4.5% |
| 2021 | +3.6% | -57.4% | +20.9% |
| 2020 | +20.4% | +475.9% | +16.4% |
| 2019 | +32.5% | -74.1% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central States Fair Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Central States Fair Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $73K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no salaries are paid to officers, which is highly favorable for directing funds towards the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Central States Fair Foundation:
- Strong and consistent asset growth (from $136,939 in 2015 to $497,040 in 2023).
- Very low and often zero liabilities, indicating strong financial stability.
- No officer compensation reported across all filings, maximizing funds for mission.
- High spending efficiency, with expenses significantly lower than revenue in most periods (e.g., $19,770 expenses vs. $92,878 revenue in 2023).
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Central States Fair Foundation
Is Central States Fair Foundation a legitimate charity?
Central States Fair Foundation (EIN: 202523171) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $93K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Central States Fair Foundation spend its money?
Central States Fair Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Central States Fair Foundation tax-deductible?
Central States Fair Foundation is registered as a tax-exempt nonprofit (EIN: 202523171). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Central States Fair Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Central States Fair Foundation is above average for NTEE category K11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central States Fair Foundation located?
Central States Fair Foundation is headquartered in Rapid City, South Dakota and files with the IRS under EIN 202523171. It is classified under NTEE code K11.
How many years of IRS 990 filings does Central States Fair Foundation have?
Central States Fair Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $93K in total revenue.
Is Central States Fair Foundation a good charity?
Based on the financial data, Central States Fair Foundation appears to be a very good charity. It consistently operates with low expenses relative to revenue, has no officer compensation, and has shown strong asset growth over time, indicating sound financial management and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $136,939 in 2015 to $497,040 in 2023, while liabilities have remained minimal or zero. Revenue has also shown a positive trend, increasing from $39,884 in 2015 to $92,878 in 2023.
What is the organization's spending efficiency?
The organization demonstrates excellent spending efficiency. For example, in 2023, expenses were $19,770 against revenues of $92,878, meaning a large portion of revenue was retained or used very efficiently. The absence of officer compensation further boosts its efficiency.
Filing History
IRS 990 filing history for Central States Fair Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central States Fair Foundation's revenue has grown by 150.2%, moving from $37K to $93K. Total assets increased by 380% over the same period, from $104K to $497K. Total functional expenses rose by 85.7%, from $11K to $20K. In its most recent filing year (2023), Central States Fair Foundation reported a surplus of $73K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $20K | $497K | $0 | — | View 990 |
| 2022 | $85K | $42K | $402K | $0 | — | — |
| 2021 | $85K | $16K | $385K | $4K | — | View 990 |
| 2020 | $82K | $39K | $318K | $6K | — | View 990 |
| 2019 | $68K | $7K | $273K | $5K | — | View 990 |
| 2018 | $52K | $26K | $213K | $6K | — | View 990 |
| 2017 | $45K | $37K | $189K | $8K | — | — |
| 2016 | $50K | $6K | $181K | $8K | — | View 990 |
| 2015 | $40K | $34K | $137K | $9K | — | View 990 |
| 2014 | $32K | $16K | $175K | $53K | — | View 990 |
| 2013 | $37K | $25K | $109K | $4K | — | View 990 |
| 2012 | $25K | $19K | $97K | $4K | — | View 990 |
| 2011 | $37K | $11K | $104K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $20K, and assets of $497K (revenue +9.7% year-over-year).
- 2022: Revenue of $85K, expenses of $42K, and assets of $402K (revenue -0.7% year-over-year).
- 2021: Revenue of $85K, expenses of $16K, and assets of $385K (revenue +3.6% year-over-year).
- 2020: Revenue of $82K, expenses of $39K, and assets of $318K (revenue +20.4% year-over-year).
- 2019: Revenue of $68K, expenses of $7K, and assets of $273K (revenue +32.5% year-over-year).
- 2018: Revenue of $52K, expenses of $26K, and assets of $213K (revenue +14.3% year-over-year).
- 2017: Revenue of $45K, expenses of $37K, and assets of $189K (revenue -10.5% year-over-year).
- 2016: Revenue of $50K, expenses of $6K, and assets of $181K (revenue +26.3% year-over-year).
- 2015: Revenue of $40K, expenses of $34K, and assets of $137K (revenue +23.0% year-over-year).
- 2014: Revenue of $32K, expenses of $16K, and assets of $175K (revenue -13.1% year-over-year).
- 2013: Revenue of $37K, expenses of $25K, and assets of $109K (revenue +48.0% year-over-year).
- 2012: Revenue of $25K, expenses of $19K, and assets of $97K (revenue -32.1% year-over-year).
- 2011: Revenue of $37K, expenses of $11K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central States Fair Foundation:
Data Sources and Methodology
This transparency report for Central States Fair Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.