Prairie Music Association

Analysis

Prairie Music Association is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Prairie Music Association reported income of $81k and spending of $41k, leaving 49% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $76k to $81k (+6.5%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 256%. Over the whole period it spent 71% 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 Music Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within IA. Charities of a similar size with the same main cause include The Emmaus Institute Inc ($81k), Project Y Theatre Inc ($81k) and Pine Mountain Music Festival Inc ($81k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% of the total. At year end it held assets of $266k against liabilities of $0, net assets of $266k.