Prairie Lakes Regional Arts Council Inc

Analysis

Prairie Lakes Regional Arts Council Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in January 1994, 32 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 June 2023, Prairie Lakes Regional Arts Council Inc reported income of $781k and spending of $670k, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $719k to $781k (+8.7%), an average of +2.8% a year. Over the whole period it spent 96% 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 Lakes Regional Arts Council Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Cape Cod Modern House Trust Inc ($781k), Spacetec Partners Inc ($781k) and Michigan State Chamber Foundation ($781k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $103k. At year end it held assets of $212k against liabilities of $12k, net assets of $200k. It reported 3 employees.