Prairie Lake Estates Homeowners Cooperative

Analysis

Prairie Lake Estates Homeowners Cooperative is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in November 2014, 12 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 Lake Estates Homeowners Cooperative reported income of $514k and spending of $413k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $487k to $514k (+5.4%), an average of +1.3% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie Lake Estates Homeowners Cooperative sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Avenida Guadalupe Development Inc ($514k), Florentz Estates Inc ($514k) and Mt Sinai Housing Development Corporation II ($514k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $4.5m against liabilities of $3.6m, net assets of $949k.