Rainbow Community Development Center Inc

Analysis

Rainbow Community Development Center Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Development Center Inc reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $856k to $5.9m (+585%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 340%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Community Development Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Youth Emergency Services Inc ($5.9m), Children and Youth Services Inc ($5.9m) and Gilmore Memorial Preschool Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,083 (0.1% of expenses). Other salaries and wages came to $112k. At year end it held assets of $232k against liabilities of $0, net assets of $232k. It reported 4 employees.