Reeces Rainbow Inc

Analysis

Reeces Rainbow Inc is a registered charity in United States, based in Combined LCKS, WI. It received its IRS tax-exemption ruling in June 2008, 18 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, Reeces Rainbow Inc reported income of $396k and spending of $445k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $396k (-67%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reeces Rainbow Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Kolel Ohel Lifsha Inc ($396k), Rappahannock Benevolent Fund Inc ($396k) and Kee Cha-E-Nar Corporation ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $52k (12% of expenses). Other salaries and wages came to $58k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 3 employees.