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Funding

South Dakota · Nonprofit

HOT SPRINGS MINISTERIAL ASSOCIATION

HOT SPRINGS MINISTERIAL ASSOCIATION (South Dakota) receives grants from 3 organizations whose IRS filings report $1,360 to it, the largest being First Interstate BancSystem Foundation Inc ($1,100). 3 of them have funded it in more than one year.

$184k
Revenue FY2025
3
Funders on record
$1k
Grants received
$162k
Net assets
3/3 repeat funderspeak grant-dependency 3%

Against its field

HOT SPRINGS MINISTERIAL ASSOCIATION runs a healthier operating margin than three-quarters of the 6,660 religion nonprofits its size.

Operating margin42% · top quartile
Months of reserve7.8mo · above the median
Revenue growth (annualized)36% · top quartile

this organization peer median middle 50% of peers· 6,660 religion nonprofits $100k–$1M, FY2025

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($74k) Expenses 100 ($88k) Net assets 100 ($80k)2023 Revenue 163 ($121k) Expenses 156 ($138k) Net assets 79 ($63k)2024 Revenue 180 ($133k) Expenses 148 ($131k) Net assets 85 ($68k)2025 Revenue 249 ($184k) Expenses 122 ($108k) Net assets 204 ($162k)
2022202320242025
Revenue (249)Expenses (122)Net assets (204)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

104% of HOT SPRINGS MINISTERIAL ASSOCIATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (100% for the typical peer).

This organization
Typical peer · 15,235 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 reported years ran a deficit.

$14k
22
$17k
23
$2k
24
$77k
25
7.8
months of
reserve
02Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $24 → $1k.

Funder
'20
'21
'22
'23
'24*
'25*
total
funders
1
2
3
2
1
2

1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF)19% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of HOT SPRINGS MINISTERIAL ASSOCIATION’s funders (the co-funder graph). Top 2 of 3 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HOT SPRINGS MINISTERIAL ASSOCIATION leans on a few funders — its largest provides 81% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

81%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2020 100% · 2021 3% · 2022 27% · 2023 11%diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

HOT SPRINGS MINISTERIAL ASSOCIATION draws 100% of its grant income from funders outside South Dakota, across 1 state in all.

MT

Funder states come from each funder’s own filing. $260 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like HOT SPRINGS MINISTERIAL ASSOCIATION

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In South Dakota

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

96% of spending goes to programs.

Program 96%Management 4%Fundraising 0%

Governance

12
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 1 state

SD

Screen this organization

A dated, signed PDF of the compliance screen for HOT SPRINGS MINISTERIAL ASSOCIATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HOT SPRINGS MINISTERIAL ASSOCIATION?
HOT SPRINGS MINISTERIAL ASSOCIATION (South Dakota) receives grants from 3 organizations whose IRS filings report $1,360 to it, the largest being First Interstate BancSystem Foundation Inc ($1,100). 3 of them have funded it in more than one year.
How many funders does HOT SPRINGS MINISTERIAL ASSOCIATION have?
IRS filings report 3 organizations giving $1,360 in grants to HOT SPRINGS MINISTERIAL ASSOCIATION, 3 of which have funded it in more than one year.
Who is the largest funder of HOT SPRINGS MINISTERIAL ASSOCIATION?
First Interstate BancSystem Foundation Inc is the largest funder on record, with $1,100 in grants. The full list of funders is on this page.
How can an organization like HOT SPRINGS MINISTERIAL ASSOCIATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in South Dakota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2022–2025), and the filings of 3funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing