Prairie Center Arts Foundation

Analysis

Prairie Center Arts Foundation is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2023, Prairie Center Arts Foundation reported income of $208k and spending of $55k, leaving 74% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income fell from $274k to $208k (-24%), an average of -8.7% a year. The sharpest change came in the year to April 2023, when income rose by 950%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Prairie Center Arts Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include LA Casa Del Libro Inc ($208k), Childrens Museum of Northern Nevada Inc ($208k) and Salient of Harvard College ($208k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.