Arts, Culture & Humanities
(A26Z)
990 on File
RAPID CITY FINE ARTS COUNCIL INC
Financial strength (30%)
90/100
Reliability (20%)
55/100
Effectiveness (25%)
85/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$1.0M
Total Revenue
$1.0M
Total Expenses
$852K
Net Assets
29
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.8%
Fundraising Efficiency
N/A
Operating Reserve
9.82x
Liability-to-Asset
2.3%
Revenue Diversification
59.6%
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M 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
|
75.8% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
22.2% | 14.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.0% | 5.4% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.8 mo | 16.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.3% | 10.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.6% | 74.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
15.1% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.1% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.1% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.0M | $1.0M | $852K | 75.8% | 29 |
| 2023 | $905K | $820K | $826K | 82.1% | 26 |
| 2022 | $726K | $676K | $678K | 77.8% | 28 |
| 2021 | $690K | $636K | N/A | — | 26 |
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