Rainbow Hospice Foundation Inc

Analysis

Rainbow Hospice Foundation Inc is a registered charity in United States, based in Jefferson, WI. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Hospice Foundation Inc reported income of $700k and spending of $983k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $700k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rainbow Hospice Foundation 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 75th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Cleveland Social Venture Partners ($700k), Yale Entertainment & Sports Inc ($701k) and Simsbury Performing Arts Center Inc ($700k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $47k. At year end it held assets of $8.1m against liabilities of $0, net assets of $8.1m.