Prairie Tower Inc

Analysis

Prairie Tower Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in November 1978, 48 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 September 2024, Prairie Tower Inc reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 6 years on record, from September 2019 to September 2024, income fell from $1.4m to $1.4m (-2.8%), an average of -0.6% a year. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie Tower Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within MT. Charities of a similar size with the same main cause include Trucare Transformation ($1.4m), Greater Rochester Housing Partnership Inc ($1.4m) and Southbridge Community Servicers Inc ($1.4m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $3.3m against liabilities of $71k, net assets of $3.2m.