Prairie West Apartments Inc

Analysis

Prairie West Apartments Inc is a registered charity in United States, based in Lemmon, SD. It received its IRS tax-exemption ruling in May 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Prairie West Apartments Inc reported income of $156k and spending of $120k, leaving 23% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $619k to $156k (-75%), an average of -75% a year. The sharpest change came in the year to September 2023, when income dropped by 75%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie West Apartments Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within SD. Charities of a similar size with the same main cause include Terrace Overview Housing Corp ($156k), Wings for Women ($156k) and Crossroads Housing Inc ($156k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $588k against liabilities of $6,389, net assets of $582k.