Rapid City Arts Foundation
EIN: 460407996 · Rapid City, SD
| Metric | Value |
|---|---|
| Total Expenses | $11K |
| Net Assets | $470K |
Is Rapid City Arts Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rapid City Arts Foundation
Rapid City Arts Foundation (EIN: 460407996) 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 Rapid City Arts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rapid City Arts Foundation is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $11K |
| Surplus / Deficit | $-5,771 |
| Total Assets | $470K |
| Net Assets | $470K |
| Operating Margin | -102.9% |
| Months of Reserves | 495.7 months |
Financial Health Grade: B
In 2015, Rapid City Arts Foundation reported a deficit of $6K with expenses exceeding revenue, holds 495.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2015), Rapid City Arts Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -18.9% | +9.2% | -3.4% |
| 2014 | +5.8% | +29.5% | +0.1% |
| 2013 | -82.8% | -4.8% | +4.2% |
| 2012 | +558.6% | +4.4% | +11.0% |
AI Analysis Pending
AI enrichment for Rapid City Arts Foundation 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 Rapid City Arts Foundation 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 $6K, with expenses exceeding revenue.
Frequently Asked Questions about Rapid City Arts Foundation
Is Rapid City Arts Foundation a legitimate charity?
Rapid City Arts Foundation (EIN: 460407996) 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 Rapid City Arts Foundation spend its money?
Rapid City Arts Foundation 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 Rapid City Arts Foundation tax-deductible?
Rapid City Arts Foundation is registered as a tax-exempt nonprofit (EIN: 460407996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rapid City Arts Foundation located?
Rapid City Arts Foundation is headquartered in Rapid City, South Dakota and files with the IRS under EIN 460407996.
How many years of IRS 990 filings does Rapid City Arts Foundation have?
Rapid City Arts Foundation 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 Rapid City Arts Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Rapid City Arts Foundation's revenue has declined by 2.9%, moving from $6K to $6K. Total assets increased by 11.8% over the same period, from $420K to $470K. Total functional expenses rose by 40.6%, from $8K to $11K. In its most recent filing year (2015), Rapid City Arts Foundation reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $6K | $11K | $470K | $0 | — | View 990 |
| 2014 | $7K | $10K | $487K | $0 | — | View 990 |
| 2013 | $7K | $8K | $486K | $0 | — | View 990 |
| 2012 | $38K | $8K | $466K | $0 | — | View 990 |
| 2011 | $6K | $8K | $420K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $6K, expenses of $11K, and assets of $470K (revenue -18.9% year-over-year).
- 2014: Revenue of $7K, expenses of $10K, and assets of $487K (revenue +5.8% year-over-year).
- 2013: Revenue of $7K, expenses of $8K, and assets of $486K (revenue -82.8% year-over-year).
- 2012: Revenue of $38K, expenses of $8K, and assets of $466K (revenue +558.6% year-over-year).
- 2011: Revenue of $6K, expenses of $8K, and assets of $420K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rapid City Arts Foundation:
Data Sources and Methodology
This transparency report for Rapid City Arts 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.