Rainbow of Hope Foundation Inc

Analysis

Rainbow of Hope Foundation Inc is a registered charity in United States, based in Mount Hope, OH. It received its IRS tax-exemption ruling in April 1988, 38 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 August 2024, Rainbow of Hope Foundation Inc reported income of $1.3m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $719k to $1.3m (+78%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rainbow of Hope Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Federation of Clinical Immunology Societies Inc ($1.3m), Millcreek Health System Medical Professional Liability Self-Ins TR ($1.3m) and Alabama Autism Assistance Program ($1.3m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $879k against liabilities of $0, net assets of $879k.