Rainbow Village Apts Inc

Analysis

Rainbow Village Apts Inc is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in December 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Village Apts Inc reported income of $925k and spending of $876k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $719k to $925k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Village Apts Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include The George Chambers Resource Center Inc ($925k), NXG Youth Motorsports Inc ($925k) and Connecticut Association for the Education of Young Children ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $1.8m against liabilities of $77k, net assets of $1.7m.