Prairie View Villas No 1

Analysis

Prairie View Villas No 1 is a registered charity in United States, based in Pekin, IL. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prairie View Villas No 1 reported income of $146k and spending of $205k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $146k (+271%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 212%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie View Villas No 1 sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Thi-4 ($146k), Shady Acres Independent Living for Mentally Challenged Adults Inc ($146k) and Providence Place II Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 75% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.