Prairie Loft Center

Prairie Loft Center faces significant operating deficit in latest fiscal year despite strong historical asset growth.

EIN: 201556250 · Hastings, NE · NTEE: O52 · Updated: 2026-03-28

$352KRevenue

$1.5MAssets

85/100Mission Score (Excellent)

O52

About Prairie Loft Center

Prairie Loft Center (EIN: 201556250) is a nonprofit organization based in Hastings, NE, classified under NTEE code O52. The organization reported total revenue of $352K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prairie Loft Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Prairie Loft Center demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $1,497,051 in 2023. However, the most recent filing (202312) shows a significant operating deficit, with expenses of $350,823 far exceeding revenue of $188,824. This contrasts with previous years, such as 202212, where revenue ($392,846) comfortably covered expenses ($339,852). The organization has maintained a healthy asset base relative to its annual revenue, suggesting a degree of financial resilience, but the recent deficit warrants closer monitoring.

The organization's spending efficiency appears to be strong in terms of program focus, as indicated by the absence of officer compensation, suggesting resources are directed towards its mission. The consistent growth in assets, even with fluctuating annual revenues and expenses, points to sound long-term financial management. The lack of reported officer compensation also enhances its transparency profile, as it indicates that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a positive sign for donor confidence.

While the organization's financial health has been robust, the substantial deficit in the latest reporting period (202312) is a concern that could impact future sustainability if it becomes a trend. Donors should review subsequent filings to ensure this was an anomaly rather than a shift in financial management. Overall, Prairie Loft Center appears to be a well-managed organization with a strong commitment to its mission, but the recent financial performance requires attention.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Prairie Loft Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Prairie Loft Center allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% in all available filings, indicating that officers are either uncompensated volunteers or compensated through mechanisms not classified as officer compensation on the 990, which is a positive indicator for resource allocation towards the mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Prairie Loft Center's IRS 990 filings:

Significant operating deficit in the latest fiscal year (202312), with expenses exceeding revenue by $161,999.

Strengths

The following positive indicators were identified for Prairie Loft Center:

Consistent asset growth over the past decade, indicating strong long-term financial management.
No reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
Healthy asset base ($1,497,051 in 2023) providing financial stability.
Low liabilities relative to assets, indicating sound financial health.

Frequently Asked Questions about Prairie Loft Center

Is Prairie Loft Center a good charity?

Based on the available data, Prairie Loft Center appears to be a good charity. It has a strong history of asset growth, no reported officer compensation, and generally manages its finances well, although the latest filing shows a significant operating deficit that warrants attention.

What caused the large deficit in the 202312 period?

The provided data does not specify the exact causes for the deficit of $161,999 (Expenses $350,823 - Revenue $188,824) in the 202312 period. It could be due to a temporary decrease in donations, increased program costs, or a combination of factors. Further investigation into their detailed financial statements would be needed.

How does Prairie Loft Center's asset growth compare to its revenue?

Prairie Loft Center has shown consistent asset growth, from $951,034 in 2014 to $1,497,051 in 2023, even with fluctuating annual revenues. This indicates effective long-term financial management and accumulation of resources, suggesting a strong balance sheet relative to its operational scale.

Filing History

IRS 990 filing history for Prairie Loft Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Prairie Loft Center's revenue has declined by 16.6%, moving from $226K to $189K. Total assets increased by 167.8% over the same period, from $559K to $1.5M. Total functional expenses rose by 252.8%, from $99K to $351K. In its most recent filing year (2023), Prairie Loft Center reported a deficit of $162K, with expenses exceeding revenue. The organization holds $6K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$189K	$351K	$1.5M	$6K	—	View 990
2022	$393K	$340K	$1.7M	$7K	—	View 990
2021	$338K	$204K	$1.6M	$3K	—	View 990
2020	$237K	$202K	$1.5M	$10K	—	View 990
2019	$290K	$227K	$1.6M	$155K	—	View 990
2018	$324K	$169K	$1.4M	$20K	—	View 990
2017	$269K	$151K	$1.3M	$25K	—	—
2016	$300K	$146K	$1.1M	$28K	—	View 990
2015	$262K	$215K	$994K	$32K	—	View 990
2014	$326K	$141K	$951K	$35K	—	View 990
2013	$240K	$126K	$771K	$40K	—	View 990
2012	$225K	$120K	$662K	$45K	—	View 990
2011	$226K	$99K	$559K	$47K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $189K, expenses of $351K, and assets of $1.5M (revenue -51.9% year-over-year).
2022: Revenue of $393K, expenses of $340K, and assets of $1.7M (revenue +16.1% year-over-year).
2021: Revenue of $338K, expenses of $204K, and assets of $1.6M (revenue +42.7% year-over-year).
2020: Revenue of $237K, expenses of $202K, and assets of $1.5M (revenue -18.2% year-over-year).
2019: Revenue of $290K, expenses of $227K, and assets of $1.6M (revenue -10.5% year-over-year).
2018: Revenue of $324K, expenses of $169K, and assets of $1.4M (revenue +20.4% year-over-year).
2017: Revenue of $269K, expenses of $151K, and assets of $1.3M (revenue -10.4% year-over-year).
2016: Revenue of $300K, expenses of $146K, and assets of $1.1M (revenue +14.7% year-over-year).
2015: Revenue of $262K, expenses of $215K, and assets of $994K (revenue -19.7% year-over-year).
2014: Revenue of $326K, expenses of $141K, and assets of $951K (revenue +36.0% year-over-year).
2013: Revenue of $240K, expenses of $126K, and assets of $771K (revenue +6.5% year-over-year).
2012: Revenue of $225K, expenses of $120K, and assets of $662K (revenue -0.6% year-over-year).
2011: Revenue of $226K, expenses of $99K, and assets of $559K.

Data Sources and Methodology

This transparency report for Prairie Loft Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.