Sioux Falls State Theatre Company

Sioux Falls State Theatre Company reports consistent operating deficits in recent years despite substantial asset growth.

EIN: 203473359 · Sioux Falls, SD · NTEE: A65 · Updated: 2026-03-28

$1.1MRevenue
$10.9MAssets
75/100Mission Score (Good)
A65

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Sioux Falls State Theatre Company Financial Summary
MetricValue
Total Revenue$1.1M
Total Expenses$980K
Program Spending70%
Net Assets$8.0M
Transparency Score75/100

Search Intent Cockpit

Sioux Falls State Theatre Company Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sioux Falls State Theatre Company is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sioux Falls State Theatre Company in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $940K and expenses of $980K.

Revenue and Expenses

Sioux Falls State Theatre Company reported $940K in revenue and $980K in expenses, a deficit of $40K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.

Is Sioux Falls State Theatre Company Legit?

Some Concerns

GoodFiling Consistency
GoodSpending Efficiency
GoodTransparency
2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
70%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Sioux Falls State Theatre Company Expense Deployment
Program services$686K (70%)

Across stored filings, Sioux Falls State Theatre Company shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Sioux Falls State Theatre Company Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 2 red flags identified
Mission spend70% to programsGood
Financial durabilityGrade B13 stored filing years
Peer contextCompare with River Of Life Community ChurchSouth Dakota and Arts & Culture context

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Sioux Falls State Theatre Company directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Sioux Falls State Theatre Company

Sioux Falls State Theatre Company (EIN: 203473359) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code A65. The organization reported total revenue of $1.1M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sioux Falls State Theatre Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

20Years Operating
Mid-SizeSize Classification
13Years of Filings
MixedRevenue Trajectory

Sioux Falls State Theatre Company is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$940K
Total Expenses$980K
Surplus / Deficit$-40,037
Total Assets$10.9M
Total Liabilities$3.0M
Net Assets$8.0M
Operating Margin-4.3%
Debt-to-Asset Ratio27.3%
Months of Reserves134.0 months

Financial Health Grade: B

In 2023, Sioux Falls State Theatre Company reported a deficit of $40K with expenses exceeding revenue, holds 134.0 months of operating reserves (strong position), has a debt-to-asset ratio of 27.3% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Sioux Falls State Theatre Company's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.

YearRevenue ChangeExpense ChangeAsset Change
2023+12.7%+8.4%-1.9%
2022+20.8%+18.6%+33.8%
2021-44.9%+196.4%-0.2%
2020-75.1%+65.1%+23.7%
2019+2239.7%-33.5%+258.1%

IRS Tax-Exempt Classification

IRS Classification Codes1200
IRS Ruling Date2006

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Sioux Falls State Theatre Company demonstrates a mixed financial picture. While the organization has accumulated substantial assets, reaching $10,858,366 in the latest period, its recent operations show a trend of expenses exceeding revenue. For instance, in 2023, expenses were $980,275 against revenues of $940,238, and in 2022, expenses were $904,068 against revenues of $834,357. This indicates a reliance on prior year surpluses or other funding sources to cover operational costs. The organization's transparency regarding executive compensation is strong, with 0% reported for officer compensation across all available filings. This suggests a volunteer-led or very lean administrative structure at the top. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging. The significant increase in liabilities from $273,295 in 2021 to $2,988,980 in 2023 warrants further investigation to understand its nature and impact on long-term financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Sioux Falls State Theatre Company with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 20%
  • programs: 70%
  • fundraising: 10%

According to IRS 990 filings, Sioux Falls State Theatre Company allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$940KTotal Revenue
$980KTotal Expenses
$10.9MTotal Assets
$3.0MTotal Liabilities
$8.0MNet Assets
  • The organization reported a deficit of $40K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 27.3%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a positive sign for donor confidence and resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Sioux Falls State Theatre Company's IRS 990 filings:

  • Consistent operating deficits in 2022 and 2023 (expenses exceeding revenue).
  • Significant increase in liabilities from $273,295 in 2021 to $2,988,980 in 2023 without clear explanation in provided data.

Strengths

The following positive indicators were identified for Sioux Falls State Theatre Company:

  • Substantial asset base ($10,858,366 in latest period).
  • No reported officer compensation, indicating strong volunteer leadership or lean executive structure.
  • Significant revenue spikes in 2019 ($5,030,489) and 2020 ($1,253,498) demonstrate capacity for large-scale fundraising or project execution.

Frequently Asked Questions about Sioux Falls State Theatre Company

Is Sioux Falls State Theatre Company a legitimate charity?

Sioux Falls State Theatre Company (EIN: 203473359) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.

How does Sioux Falls State Theatre Company spend its money?

Sioux Falls State Theatre Company directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.

Are donations to Sioux Falls State Theatre Company tax-deductible?

Sioux Falls State Theatre Company is registered as a tax-exempt nonprofit (EIN: 203473359). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Sioux Falls State Theatre Company's spending goes to programs?

Sioux Falls State Theatre Company directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.

How does Sioux Falls State Theatre Company compare to similar nonprofits?

With a transparency score of 75/100 (Good), Sioux Falls State Theatre Company is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Sioux Falls State Theatre Company located?

Sioux Falls State Theatre Company is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 203473359. It is classified under NTEE code A65.

How many years of IRS 990 filings does Sioux Falls State Theatre Company have?

Sioux Falls State Theatre Company 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 $1.1M in total revenue.

Is Sioux Falls State Theatre Company financially sustainable given recent operating deficits?

The organization has reported expenses exceeding revenue in 2023 ($980,275 vs $940,238) and 2022 ($904,068 vs $834,357). While it has significant assets ($10,858,366), this trend of operating deficits could impact long-term sustainability if not addressed.

What caused the significant increase in liabilities from 2021 to 2023?

Liabilities increased from $273,295 in 2021 to $2,988,980 in 2023. Understanding the nature of these liabilities (e.g., debt for capital projects, deferred revenue) is crucial for a complete financial assessment.

How does the organization fund its operations given the recent revenue shortfalls?

With expenses exceeding revenue in recent years, the organization likely relies on drawing from its substantial assets or prior year surpluses to cover operational costs. Further detail on funding sources would be beneficial.

Filing History

IRS 990 filing history for Sioux Falls State Theatre Company showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sioux Falls State Theatre Company's revenue has grown by 34.1%, moving from $701K to $940K. Total assets increased by 1041.8% over the same period, from $959K to $10.9M. Total functional expenses rose by 814.1%, from $107K to $980K. In its most recent filing year (2023), Sioux Falls State Theatre Company reported a deficit of $40K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $10.9M in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $8.0M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $940K $980K $10.9M $3.0M
2022 $834K $904K $11.2M $3.2M View 990
2021 $690K $762K $8.3M $273K View 990
2020 $1.3M $257K $8.4M $214K View 990
2019 $5.0M $156K $6.8M $151K View 990
2018 $215K $234K $1.9M $157K View 990
2017 $212K $143K $1.9M $166K View 990
2016 $238K $106K $2.0M $284K View 990
2015 $110K $80K $1.8M $290K View 990
2014 $171K $104K $1.8M $309K View 990
2013 $389K $117K $1.5M $66K View 990
2012 $454K $130K $1.3M $103K View 990
2011 $701K $107K $959K $105K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $940K, expenses of $980K, and assets of $10.9M (revenue +12.7% year-over-year).
  • 2022: Revenue of $834K, expenses of $904K, and assets of $11.2M (revenue +20.8% year-over-year).
  • 2021: Revenue of $690K, expenses of $762K, and assets of $8.3M (revenue -44.9% year-over-year).
  • 2020: Revenue of $1.3M, expenses of $257K, and assets of $8.4M (revenue -75.1% year-over-year).
  • 2019: Revenue of $5.0M, expenses of $156K, and assets of $6.8M (revenue +2239.7% year-over-year).
  • 2018: Revenue of $215K, expenses of $234K, and assets of $1.9M (revenue +1.6% year-over-year).
  • 2017: Revenue of $212K, expenses of $143K, and assets of $1.9M (revenue -11.2% year-over-year).
  • 2016: Revenue of $238K, expenses of $106K, and assets of $2.0M (revenue +116.0% year-over-year).
  • 2015: Revenue of $110K, expenses of $80K, and assets of $1.8M (revenue -35.6% year-over-year).
  • 2014: Revenue of $171K, expenses of $104K, and assets of $1.8M (revenue -55.9% year-over-year).
  • 2013: Revenue of $389K, expenses of $117K, and assets of $1.5M (revenue -14.4% year-over-year).
  • 2012: Revenue of $454K, expenses of $130K, and assets of $1.3M (revenue -35.2% year-over-year).
  • 2011: Revenue of $701K, expenses of $107K, and assets of $959K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sioux Falls State Theatre Company:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Sioux Falls State Theatre Company 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.

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