South Dakota Insurance Guaranty Association
Public records raise at least one point you should look into before giving.
What it says it does
THE SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION WAS FORMED TO PROVIDE BENEFITS TO INSURANCE POLICY HOLDERS OF PROPERTY, CASUALTY, WORKMEN'S COMPENSATION, AND AUTOMOBILE LIABILITY POLICIES, IN THE EVENT SUCH AN INSURANCE COMPANY THAT DOES BUSINESS IN SOUTH DAKOTA BECOMES INSOLVENT.
- Income
- $567,718
- Spending
- $1.1 million
- Employees
- 0
- Volunteers
- 7
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- FROM ITS INCEPTION IN 1970 THROUGH DECEMBER 31, 2024, THE ASSOCIATION HAS PAID $28.7 MILLION TO OR ON BEHALF OF HOLDERS OF COVERED CLAIMS AGAINST INSOLVENT AUTOMOBILE, WORKERS' COMPENSATION AND PROPERTY AND CASUALTY INSURERS WHO TRANSACTED BUSINESS IN THE STATE OF SOUTH DAKOTA. THE ASSOCIATION HAS ALSO REFUNDED $1.8 MILLION IN UNEARNED PREMIUM TO POLICYHOLDERS OF THOSE INSOLVENT INSURERS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Worth knowing.
The IRS does not require this organization to file annual returns.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1973.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.