Prairie Haven Homes Ltd

Analysis

Prairie Haven Homes Ltd is a registered charity in United States, based in Tinley Park, IL. It received its IRS tax-exemption ruling in June 1996, 30 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 March 2023, Prairie Haven Homes Ltd reported income of $545k and spending of $681k, spending 125% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $585k to $545k (-6.9%), an average of -2.4% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie Haven Homes Ltd sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Brown Foundation Community Development Corporation ($545k), Monterey County Housing Inc ($545k) and Brunswick Housing Development Corporation ($545k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $75k. At year end it held assets of $1.8m against liabilities of $669k, net assets of $1.1m.

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.