Rainbow Riders NFP

Analysis

Rainbow Riders NFP is a registered charity in United States, based in Monmouth, IL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Rainbow Riders NFP reported income of $169k and spending of $142k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $169k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rainbow Riders NFP sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Wallingford Youth Soccer League Inc ($169k), Championship Foundation Inc ($169k) and Rolling Hills Snowmobile & Atv Club Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.9% of the total. At year end it held assets of $354k against liabilities of $100k, net assets of $254k.