Rainbow of Challenges Homes of Bradley

Analysis

Rainbow of Challenges Homes of Bradley is a registered charity in United States, based in Hope, AR. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Rainbow of Challenges Homes of Bradley reported income of $60k and spending of $70k, spending 117% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $58k to $60k (+2.6%), an average of +2.6% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow of Challenges Homes of Bradley sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within AR. Charities of a similar size with the same main cause include West Elmwood Neighbor Works Home Ownership Center Inc ($60k), Grace Housing Complex NFP ($60k) and CRC Housing Corporation ($60k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $328k against liabilities of $591k, net assets of -$264k.