Downtown Rapid City Economic Development
EIN: 262854507 · Rapid City, SD
| Metric | Value |
|---|---|
| Total Expenses | $2.3M |
| Net Assets | $1.7M |
Is Downtown Rapid City Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Rapid City Economic Development
Downtown Rapid City Economic Development (EIN: 262854507) is a nonprofit organization based in Rapid City, SD. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Rapid City Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Rapid City Economic Development is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-353,270 |
| Total Assets | $1.8M |
| Total Liabilities | $82K |
| Net Assets | $1.7M |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2015, Downtown Rapid City Economic Development reported a deficit of $353K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Downtown Rapid City Economic Development's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -60.7% | -56.1% | -17.6% |
| 2014 | +57.2% | +54.4% | -14.3% |
| 2013 | +23.7% | +92.2% | -5.2% |
| 2012 | -0.6% | -53.9% | +35.8% |
AI Analysis Pending
AI enrichment for Downtown Rapid City Economic Development 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 Downtown Rapid City Economic Development 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $353K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Frequently Asked Questions about Downtown Rapid City Economic Development
Is Downtown Rapid City Economic Development a legitimate charity?
Downtown Rapid City Economic Development (EIN: 262854507) is a registered tax-exempt nonprofit based in South Dakota. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Downtown Rapid City Economic Development spend its money?
Downtown Rapid City Economic Development reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Downtown Rapid City Economic Development tax-deductible?
Downtown Rapid City Economic Development is registered as a tax-exempt nonprofit (EIN: 262854507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Rapid City Economic Development located?
Downtown Rapid City Economic Development is headquartered in Rapid City, South Dakota and files with the IRS under EIN 262854507.
How many years of IRS 990 filings does Downtown Rapid City Economic Development have?
Downtown Rapid City Economic Development has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Downtown Rapid City Economic Development showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Downtown Rapid City Economic Development's revenue has declined by 24.1%, moving from $2.6M to $1.9M. Total assets decreased by 9.1% over the same period, from $2.0M to $1.8M. Total functional expenses fell by 39.9%, from $3.8M to $2.3M. In its most recent filing year (2015), Downtown Rapid City Economic Development reported a deficit of $353K, with expenses exceeding revenue. The organization holds $82K in liabilities against $1.8M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.9M | $2.3M | $1.8M | $82K | — | View 990 |
| 2014 | $5.0M | $5.2M | $2.2M | $112K | — | View 990 |
| 2013 | $3.2M | $3.4M | $2.5M | $200K | — | View 990 |
| 2012 | $2.6M | $1.8M | $2.7M | $104K | — | View 990 |
| 2011 | $2.6M | $3.8M | $2.0M | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.9M, expenses of $2.3M, and assets of $1.8M (revenue -60.7% year-over-year).
- 2014: Revenue of $5.0M, expenses of $5.2M, and assets of $2.2M (revenue +57.2% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.4M, and assets of $2.5M (revenue +23.7% year-over-year).
- 2012: Revenue of $2.6M, expenses of $1.8M, and assets of $2.7M (revenue -0.6% year-over-year).
- 2011: Revenue of $2.6M, expenses of $3.8M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Rapid City Economic Development:
Data Sources and Methodology
This transparency report for Downtown Rapid City Economic Development 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.