Prairie School Inc

Analysis

Prairie School Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in September 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Prairie School Inc reported income of $19.9m and spending of $18.8m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $22.2m to $19.9m (-11%), an average of -2.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prairie School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Benedictine Educational Foundation ($19.9m), Belmont Day School Inc ($19.9m) and Ernst & Young Foundation ($19.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $613k (3.3% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $85.0m against liabilities of $2.4m, net assets of $82.5m. It reported 230 employees.