Jennas Rainbow Foundation Inc

Analysis

Jennas Rainbow Foundation Inc is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Jennas Rainbow Foundation Inc reported income of $192k and spending of $110k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $38k to $192k (+400%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 883%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jennas Rainbow Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include The Fathers House Recovery Center Inc ($192k), Blue Ribbon Soiree ($192k) and Life a Dementia Friendly Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $810k against liabilities of $0, net assets of $810k.