Prairie View Leasing

Analysis

Prairie View Leasing is a registered charity in United States, based in Sanborn, IA. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Prairie View Leasing reported income of $4.3m and spending of $4.9m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.8m to $4.3m (-24%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie View Leasing sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Freedom Farm Inc ($4.3m), Lamoille Housing Partnership Inc ($4.4m) and Garden Spot Communities ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $171k (3.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $7.7m against liabilities of $1.4m, net assets of $6.2m. It reported 127 employees.