Prairie Research and Education Cooperative

Analysis

Prairie Research and Education Cooperative is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prairie Research and Education Cooperative reported income of $4.1m and spending of $4.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.1m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prairie Research and Education Cooperative sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Applied Biomedical Science Institute ($4.1m), Enloe Hospital Foundation ($4.1m) and Inspira Health Connectons PC ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (28% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.0m against liabilities of $433k, net assets of $4.6m. It reported 24 employees.