Reins and Rainbows

Analysis

Reins and Rainbows is a registered charity in United States, based in Wabash, IN. It received its IRS tax-exemption ruling in May 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reins and Rainbows reported income of $363k and spending of $183k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $363k (+84%), an average of +84% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reins and Rainbows sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include TJ Community Mission Foundation Inc ($363k), Drug Alternative Program ($363k) and Embracing Futures Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $1,498. At year end it held assets of $311k against liabilities of $24k, net assets of $286k.