Prairie School Foundation

Analysis

Prairie School Foundation is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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 2024, Prairie School Foundation reported income of $346k and spending of $211k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $409k to $346k (-15%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prairie School Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Independence Pass Foundation ($346k), Lake Oswego Rotary Foundation Inc ($346k) and New Mexico Literacy Institute ($346k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.