Multi Cultural Center Of Sioux Falls
EIN: 460445034 · Sioux Falls, SD · NTEE: P840
| Metric | Value |
|---|---|
| Total Revenue | $772K |
| Total Expenses | $799K |
| Net Assets | $403K |
Is Multi Cultural Center 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 Multi Cultural Center Of Sioux Falls
Multi Cultural Center Of Sioux Falls (EIN: 460445034) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code P840. The organization reported total revenue of $772K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Multi Cultural Center Of Sioux Falls's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Multi Cultural Center Of Sioux Falls is a small nonprofit that has been operating for 28 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $772K |
| Total Expenses | $799K |
| Surplus / Deficit | $-27,457 |
| Total Assets | $418K |
| Total Liabilities | $15K |
| Net Assets | $403K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2021, Multi Cultural Center Of Sioux Falls reported a deficit of $27K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Multi Cultural Center Of Sioux Falls's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -27.8% | -15.5% | -11.0% |
| 2020 | +29.6% | +9.4% | +35.4% |
| 2019 | -14.5% | +3.2% | -7.5% |
| 2018 | +10.6% | +3.3% | +41.3% |
| 2017 | +20.4% | +7.0% | +41.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Multi Cultural Center 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 Multi Cultural Center 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Frequently Asked Questions about Multi Cultural Center Of Sioux Falls
Is Multi Cultural Center Of Sioux Falls a legitimate charity?
Multi Cultural Center Of Sioux Falls (EIN: 460445034) is a registered tax-exempt nonprofit based in South Dakota. It has 11 years of IRS 990 filings on record. Total revenue: $772K. No red flags identified. Financial health grade: B.
How does Multi Cultural Center Of Sioux Falls spend its money?
Multi Cultural Center Of Sioux Falls reported $772K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Multi Cultural Center Of Sioux Falls tax-deductible?
Multi Cultural Center Of Sioux Falls is registered as a tax-exempt nonprofit (EIN: 460445034). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Multi Cultural Center Of Sioux Falls located?
Multi Cultural Center Of Sioux Falls is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 460445034. It is classified under NTEE code P840.
How many years of IRS 990 filings does Multi Cultural Center Of Sioux Falls have?
Multi Cultural Center Of Sioux Falls has 11 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 $772K in total revenue.
Filing History
IRS 990 filing history for Multi Cultural Center Of Sioux Falls showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Multi Cultural Center Of Sioux Falls's revenue has grown by 41.6%, moving from $545K to $772K. Total assets increased by 64.9% over the same period, from $253K to $418K. Total functional expenses rose by 47.1%, from $543K to $799K. In its most recent filing year (2021), Multi Cultural Center Of Sioux Falls reported a deficit of $27K, with expenses exceeding revenue. The organization holds $15K in liabilities against $418K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $772K | $799K | $418K | $15K | — | — |
| 2020 | $1.1M | $946K | $469K | $43K | — | — |
| 2019 | $825K | $865K | $347K | $43K | — | View 990 |
| 2018 | $965K | $838K | $375K | $31K | — | View 990 |
| 2017 | $872K | $812K | $265K | $48K | — | View 990 |
| 2016 | $724K | $759K | $187K | $30K | — | View 990 |
| 2015 | $710K | $650K | $217K | $27K | — | View 990 |
| 2014 | $661K | $721K | $163K | $32K | — | View 990 |
| 2013 | $691K | $695K | $209K | $18K | — | View 990 |
| 2012 | $561K | $600K | $210K | $16K | — | View 990 |
| 2011 | $545K | $543K | $253K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $772K, expenses of $799K, and assets of $418K (revenue -27.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $946K, and assets of $469K (revenue +29.6% year-over-year).
- 2019: Revenue of $825K, expenses of $865K, and assets of $347K (revenue -14.5% year-over-year).
- 2018: Revenue of $965K, expenses of $838K, and assets of $375K (revenue +10.6% year-over-year).
- 2017: Revenue of $872K, expenses of $812K, and assets of $265K (revenue +20.4% year-over-year).
- 2016: Revenue of $724K, expenses of $759K, and assets of $187K (revenue +2.1% year-over-year).
- 2015: Revenue of $710K, expenses of $650K, and assets of $217K (revenue +7.4% year-over-year).
- 2014: Revenue of $661K, expenses of $721K, and assets of $163K (revenue -4.3% year-over-year).
- 2013: Revenue of $691K, expenses of $695K, and assets of $209K (revenue +23.1% year-over-year).
- 2012: Revenue of $561K, expenses of $600K, and assets of $210K (revenue +3.0% year-over-year).
- 2011: Revenue of $545K, expenses of $543K, and assets of $253K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Multi Cultural Center Of Sioux Falls:
Data Sources and Methodology
This transparency report for Multi Cultural Center 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.