Prairie Horizons Inc

Analysis

Prairie Horizons Inc is a registered charity in United States, based in Pontiac, IL. It received its IRS tax-exemption ruling in June 1994, 32 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 June 2023, Prairie Horizons Inc reported income of $136k and spending of $156k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $97k to $136k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie Horizons Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Marvins Home ($136k), Specialized Housing Inc VIII ($136k) and Cross County Apartments Inc ($136k).

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 $592k against liabilities of $1.2m, net assets of -$578k.

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.