First United Methodist Church Foundation Of Sioux Falls
EIN: 460355004 · Sioux Falls, SD
| Metric | Value |
|---|---|
| Total Revenue | $782K |
| Total Expenses | $237K |
| Net Assets | $2.0M |
Is First United Methodist Church Foundation Of Sioux Falls Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About First United Methodist Church Foundation Of Sioux Falls
First United Methodist Church Foundation Of Sioux Falls (EIN: 460355004) is a nonprofit organization based in Sioux Falls, SD. The organization reported total revenue of $782K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First United Methodist Church Foundation Of Sioux Falls's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First United Methodist Church Foundation Of Sioux Falls is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $237K |
| Surplus / Deficit | $-110,902 |
| Total Assets | $2.5M |
| Total Liabilities | $548K |
| Net Assets | $2.0M |
| Operating Margin | -88.1% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 127.1 months |
Financial Health Grade: B
In 2023, First United Methodist Church Foundation Of Sioux Falls reported a deficit of $111K with expenses exceeding revenue, holds 127.1 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), First United Methodist Church Foundation Of Sioux Falls's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | +117.0% | -5.0% |
| 2022 | -60.5% | -39.7% | +0.7% |
| 2021 | +82.7% | -11.5% | +6.3% |
| 2020 | -28.0% | -19.3% | -1.0% |
| 2019 | +6.6% | +20.0% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for First United Methodist Church Foundation Of Sioux Falls 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 First United Methodist Church Foundation Of Sioux Falls 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.9%.
Frequently Asked Questions about First United Methodist Church Foundation Of Sioux Falls
Is First United Methodist Church Foundation Of Sioux Falls a legitimate charity?
First United Methodist Church Foundation Of Sioux Falls (EIN: 460355004) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $782K. No red flags identified. Financial health grade: B.
How does First United Methodist Church Foundation Of Sioux Falls spend its money?
First United Methodist Church Foundation Of Sioux Falls reported $782K 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 First United Methodist Church Foundation Of Sioux Falls tax-deductible?
First United Methodist Church Foundation Of Sioux Falls is registered as a tax-exempt nonprofit (EIN: 460355004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is First United Methodist Church Foundation Of Sioux Falls located?
First United Methodist Church Foundation Of Sioux Falls is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 460355004.
How many years of IRS 990 filings does First United Methodist Church Foundation Of Sioux Falls have?
First United Methodist Church Foundation Of Sioux Falls 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 $782K in total revenue.
Filing History
IRS 990 filing history for First United Methodist Church Foundation Of Sioux Falls showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First United Methodist Church Foundation Of Sioux Falls's revenue has declined by 34%, moving from $191K to $126K. Total assets increased by 41.2% over the same period, from $1.8M to $2.5M. Total functional expenses rose by 409.9%, from $46K to $237K. In its most recent filing year (2023), First United Methodist Church Foundation Of Sioux Falls reported a deficit of $111K, with expenses exceeding revenue. The organization holds $548K in liabilities against $2.5M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $237K | $2.5M | $548K | — | — |
| 2022 | $131K | $109K | $2.6M | $570K | — | View 990 |
| 2021 | $333K | $181K | $2.6M | $574K | — | View 990 |
| 2020 | $182K | $205K | $2.5M | $571K | — | View 990 |
| 2019 | $253K | $253K | $2.5M | $572K | — | View 990 |
| 2018 | $237K | $211K | $2.0M | $107K | — | View 990 |
| 2017 | $172K | $217K | $2.0M | $134K | — | View 990 |
| 2016 | $150K | $80K | $2.1M | $137K | — | View 990 |
| 2015 | $134K | $150K | $2.0M | $86K | — | View 990 |
| 2014 | $205K | $62K | $2.0M | $85K | — | View 990 |
| 2013 | $84K | $20K | $1.9M | $146K | — | View 990 |
| 2012 | $89K | $64K | $1.8M | $141K | — | View 990 |
| 2011 | $191K | $46K | $1.8M | $126K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $237K, and assets of $2.5M (revenue -4.2% year-over-year).
- 2022: Revenue of $131K, expenses of $109K, and assets of $2.6M (revenue -60.5% year-over-year).
- 2021: Revenue of $333K, expenses of $181K, and assets of $2.6M (revenue +82.7% year-over-year).
- 2020: Revenue of $182K, expenses of $205K, and assets of $2.5M (revenue -28.0% year-over-year).
- 2019: Revenue of $253K, expenses of $253K, and assets of $2.5M (revenue +6.6% year-over-year).
- 2018: Revenue of $237K, expenses of $211K, and assets of $2.0M (revenue +38.0% year-over-year).
- 2017: Revenue of $172K, expenses of $217K, and assets of $2.0M (revenue +14.4% year-over-year).
- 2016: Revenue of $150K, expenses of $80K, and assets of $2.1M (revenue +11.8% year-over-year).
- 2015: Revenue of $134K, expenses of $150K, and assets of $2.0M (revenue -34.5% year-over-year).
- 2014: Revenue of $205K, expenses of $62K, and assets of $2.0M (revenue +144.6% year-over-year).
- 2013: Revenue of $84K, expenses of $20K, and assets of $1.9M (revenue -5.2% year-over-year).
- 2012: Revenue of $89K, expenses of $64K, and assets of $1.8M (revenue -53.6% year-over-year).
- 2011: Revenue of $191K, expenses of $46K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First United Methodist Church Foundation Of Sioux Falls:
Data Sources and Methodology
This transparency report for First United Methodist Church Foundation Of Sioux Falls 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.