Prairie Development Corporation

Analysis

Prairie Development Corporation is a registered charity in United States, based in Stratton, CO. It received its IRS tax-exemption ruling in December 1998, 28 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, Prairie Development Corporation reported income of $281k and spending of $131k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $281k (+108%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 2493%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prairie Development Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Center for Youth Development Through Law ($281k), Elizabeth Avenue Partnership Inc ($281k) and Scarborough Economic Development Corp ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 16% of the total. At year end it held assets of $3.8m against liabilities of $4,970, net assets of $3.8m.