PRAIRIE MEADOWS RACE TRACK & CASINO INC
ALTOONA, IA 50009 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $2,532,959,229 | $2,509,985,876 | $250,752,094 |
| FY2023 | $2,595,228,457 | $2,555,217,612 | $227,730,207 |
| FY2022 | $2,499,338,526 | $2,455,002,478 | $187,740,696 |
| FY2021 | $2,466,655,375 | $2,411,904,482 | $143,428,969 |
| FY2020 | $1,698,439,731 | $1,696,977,572 | $88,699,321 |
| FY2019 | $2,339,117,040 | $2,321,085,852 | $87,250,437 |
| FY2018 | $2,316,685,174 | $2,321,118,388 | $69,240,829 |
| FY2017 | $2,233,016,725 | $2,236,669,252 | $73,696,827 |
| FY2016 | $2,198,356,322 | $2,203,318,977 | $77,375,004 |
| FY2015 | $2,148,267,236 | $2,147,321,076 | $82,361,699 |
| FY2014 | $2,105,745,020 | $2,108,802,473 | $81,429,969 |
| FY2013 | $2,171,910,429 | $2,171,756,347 | $84,508,813 |
| FY2012 | $2,300,645,161 | $2,289,074,426 | $84,372,463 |
| FY2011 | $2,195,991,986 | $2,181,124,931 | $72,816,638 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $2,529,461,183 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $2,491,817,015 | 99% |
| Management & general | $18,168,861 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024.
- Net assets covered about 1.2 months of expenses at the end of the reporting year.
- Total revenue rose from $2,195,991,986 in FY2011 to $2,532,959,229 in FY2024, Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2014, FY2016, FY2017, FY2018).
- The highest revenue on record here is $2,595,228,457 in FY2023.
- Net assets grew from $72,816,638 to $250,752,094 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE IN CENTRAL IOWA IN CLOSE CONJUNCTION WITH STATE AND LOCAL GOVERNMENT.
IRS status
| Ruling year | 1989 |
| Subsection | 501(c)(4) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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