Prairie Inn Corporation

Analysis

Prairie Inn Corporation is a registered charity in United States, based in Valley City, ND. It received its IRS tax-exemption ruling in August 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prairie Inn Corporation reported income of $70k and spending of $92k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $67k to $70k (+4.6%), an average of +1.5% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie Inn Corporation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 19th percentile within ND. Charities of a similar size with the same main cause include Independent Supportive Housing ($70k), St Mary Conference ($70k) and Housing Development for Southwest Colorado ($70k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $789k against liabilities of $11k, net assets of $778k.

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.