Corn Palace Stampede Inc
EIN: 237227487 · Mitchell, SD
| Metric | Value |
|---|---|
| Total Revenue | $309K |
| Total Expenses | $183K |
| Net Assets | $225K |
Is Corn Palace Stampede Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corn Palace Stampede Inc
Corn Palace Stampede Inc (EIN: 237227487) is a nonprofit organization based in Mitchell, SD. The organization reported total revenue of $309K and total assets of $192K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corn Palace Stampede Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corn Palace Stampede Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $183K |
| Surplus / Deficit | $-70,082 |
| Total Assets | $225K |
| Total Liabilities | $139 |
| Net Assets | $225K |
| Operating Margin | -61.8% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2024, Corn Palace Stampede Inc reported a deficit of $70K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Corn Palace Stampede Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -57.8% | -40.7% | -23.7% |
| 2023 | -29.4% | +17.0% | -12.1% |
| 2022 | +1216.6% | +765.8% | +53.0% |
| 2021 | -88.5% | -88.7% | -0.7% |
| 2020 | -1.3% | -1.4% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corn Palace Stampede Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corn Palace Stampede Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Corn Palace Stampede Inc
Is Corn Palace Stampede Inc a legitimate charity?
Corn Palace Stampede Inc (EIN: 237227487) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $309K. No red flags identified. Financial health grade: B.
How does Corn Palace Stampede Inc spend its money?
Corn Palace Stampede Inc reported $309K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Corn Palace Stampede Inc tax-deductible?
Corn Palace Stampede Inc is registered as a tax-exempt nonprofit (EIN: 237227487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corn Palace Stampede Inc located?
Corn Palace Stampede Inc is headquartered in Mitchell, South Dakota and files with the IRS under EIN 237227487.
How many years of IRS 990 filings does Corn Palace Stampede Inc have?
Corn Palace Stampede Inc 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 $309K in total revenue.
Filing History
IRS 990 filing history for Corn Palace Stampede Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Corn Palace Stampede Inc's revenue has declined by 40.7%, moving from $191K to $113K. Total assets increased by 17.5% over the same period, from $192K to $225K. Total functional expenses fell by 10.5%, from $205K to $183K. In its most recent filing year (2024), Corn Palace Stampede Inc reported a deficit of $70K, with expenses exceeding revenue. The organization holds $139 in liabilities against $225K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $225K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $113K | $183K | $225K | $139 | — | — |
| 2023 | $269K | $309K | $295K | $64 | — | — |
| 2022 | $381K | $264K | $336K | $0 | — | View 990 |
| 2021 | $29K | $31K | $219K | $0 | — | View 990 |
| 2020 | $252K | $271K | $221K | $0 | — | View 990 |
| 2019 | $255K | $275K | $240K | $0 | — | View 990 |
| 2018 | $246K | $253K | $260K | $0 | — | View 990 |
| 2017 | $283K | $275K | $267K | $0 | — | View 990 |
| 2016 | $274K | $274K | $259K | $95 | — | View 990 |
| 2015 | $282K | $249K | $259K | $0 | — | View 990 |
| 2014 | $261K | $231K | $226K | $0 | — | View 990 |
| 2013 | $224K | $220K | $196K | $679 | — | View 990 |
| 2012 | $191K | $205K | $192K | $69 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $113K, expenses of $183K, and assets of $225K (revenue -57.8% year-over-year).
- 2023: Revenue of $269K, expenses of $309K, and assets of $295K (revenue -29.4% year-over-year).
- 2022: Revenue of $381K, expenses of $264K, and assets of $336K (revenue +1216.6% year-over-year).
- 2021: Revenue of $29K, expenses of $31K, and assets of $219K (revenue -88.5% year-over-year).
- 2020: Revenue of $252K, expenses of $271K, and assets of $221K (revenue -1.3% year-over-year).
- 2019: Revenue of $255K, expenses of $275K, and assets of $240K (revenue +3.9% year-over-year).
- 2018: Revenue of $246K, expenses of $253K, and assets of $260K (revenue -13.1% year-over-year).
- 2017: Revenue of $283K, expenses of $275K, and assets of $267K (revenue +3.2% year-over-year).
- 2016: Revenue of $274K, expenses of $274K, and assets of $259K (revenue -3.0% year-over-year).
- 2015: Revenue of $282K, expenses of $249K, and assets of $259K (revenue +8.0% year-over-year).
- 2014: Revenue of $261K, expenses of $231K, and assets of $226K (revenue +16.6% year-over-year).
- 2013: Revenue of $224K, expenses of $220K, and assets of $196K (revenue +17.4% year-over-year).
- 2012: Revenue of $191K, expenses of $205K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corn Palace Stampede Inc:
Data Sources and Methodology
This transparency report for Corn Palace Stampede Inc 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.