Arts, Culture & Humanities (A6B) IRS Verified DX Registered 990 on File

PRAIRIE MUSIC ASSOCIATION

EIN: 42-1504960 · CEDAR RAPIDS, IA 52404-7035 · United States · FY 2024 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 80/100

Reliability (20%) 55/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Prairie Music Association is operated exclusively for the charitable and educational purposes of stimulating interest and support for all music programs in the College Community School District. We aim to promote and develop participation in all levels of the music programs in the district through fundraising events and volunteer opportunities to serve and support said music programs.

Financial Overview — FY 2024

$81K

Total Revenue

$41K

Total Expenses

$266K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 98.6%

Fundraising Efficiency 0.0%

Operating Reserve 77.14x

Liability-to-Asset 0.0%

Revenue Diversification 72.9%

Compared with Peers

FY 2024

Compared with 11,905 similar organizations (United States, Arts, Culture & Humanities, under $100K in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	98.6%	82.6%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	1.4%	10.5%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	35.5%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	77.1 mo	16.5 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	0.0%	0.0%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	72.9%	89.4%	P10P90	Above median
Revenue growth Year over year revenue growth	4.0%	1.6%	P10P90
Expense growth Year over year expense growth	-30.6%	1.2%	P10P90
Surplus margin Surplus as a share of revenue	49.0%	9.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2024	$81K	$41K	$266K	98.6%
2023	$78K	$60K	$226K	99.7%
2022	$70K	$55K	$208K	99.2%
2021	$20K	$22K	N/A	—

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Organization Details

EIN: 42-1504960
State: IA
City: CEDAR RAPIDS
ZIP: 52404-7035
Classification: A6B
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1985
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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