Community Improvement (S99Z) IRS Verified DX Registered 990 on File

SOUTH DAKOTA STATE FAIR FOUNDATION

EIN: 46-0425814 · HURON, SD 57350-1720 · United States · FY 2024 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 71/100

Reliability (20%) 55/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

The mission of the SD State Fair Foundation is to enhance, improve, expand, and continue the South Dakota State Fair as an agricultural, educational, developmental, and entertainment venue in the state, and to assist the State Fair in any manner possible to continue the mission of the State Fair to maintain the cultural and ethnic identity of what it means to be a South Dakotan.

Financial Overview — FY 2024

$2.0M

Total Revenue

$730K

Total Expenses

$2.5M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 100.0%

Fundraising Efficiency N/A

Operating Reserve 40.87x

Liability-to-Asset 0.0%

Revenue Diversification 98.1%

Compared with Peers

FY 2024

Compared with 4,285 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	100.0%	83.7%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	0.0%	13.2%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	40.9 mo	11.3 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	3.1%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	98.1%	92.2%	P10P90	Below median
Revenue growth Year over year revenue growth	30.3%	7.1%	P10P90
Expense growth Year over year expense growth	-86.2%	9.1%	P10P90
Surplus margin Surplus as a share of revenue	63.9%	2.9%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$2.0M	$730K	$2.5M	100.0%
2023	$1.6M	$5.3M	$1.2M	99.9%
2022	$2.0M	$14K	$4.9M	96.3%
2021	$2.8M	$38K	N/A	—

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Organization Details

EIN: 46-0425814
State: SD
City: HURON
ZIP: 57350-1720
Classification: S99Z
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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