Rainbow Village III Inc

Analysis

Rainbow Village III Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Village III Inc reported income of $116k and spending of $120k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $116k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow Village III Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MO. Charities of a similar size with the same main cause include Dima VIII Inc ($116k), Welcome Home Oregon Inc ($116k) and Randolph Lane Housing Corporation NFP ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 50% of the total. Other salaries and wages came to $25k. At year end it held assets of $731k against liabilities of $598k, net assets of $133k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.