Emerging Prairie

Analysis

Emerging Prairie is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Emerging Prairie reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.5m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emerging Prairie sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ND. Charities of a similar size with the same main cause include Heights Foundation Inc ($2.5m), Rise Together Innovation Center Inc ($2.5m) and Housing Initiatives Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $187k (7.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $1.7m, net assets of -$176k. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.