Prairie Historical Society

Analysis

Prairie Historical Society is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in June 1966, 60 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 September 2023, Prairie Historical Society reported income of $634k and spending of $750k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $602k to $634k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to September 2021, when income rose by 250%. Over the whole period it spent 112% 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 Historical Society sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within SD. Charities of a similar size with the same main cause include Wichita Childrens Theatre Inc ($634k), Nicks Ride 4 Friends Inc ($634k) and Peninsula Youth Orchestra ($634k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $71k (9.5% of expenses). Other salaries and wages came to $41k. At year end it held assets of $1.7m against liabilities of $16k, net assets of $1.6m. It reported 9 employees.