Prairie Seeds Academy

Analysis

Prairie Seeds Academy is a registered charity in United States, based in Brooklyn Park, MN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Prairie Seeds Academy reported income of $14.1m and spending of $13.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $14.1m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prairie Seeds Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Magellan School ($14.1m), Multnomah University ($14.1m) and Harding Academy ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $650k (4.8% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $12.3m against liabilities of $9.5m, net assets of $2.8m. It reported 157 employees.