Rainbows for All Children Inc

Analysis

Rainbows for All Children Inc is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Rainbows for All Children Inc reported income of $462k and spending of $365k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $373k to $462k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbows for All Children Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Hope Chest Inc ($462k), Stayton Community Food Bank ($462k) and Tri Area Ministry Food Pantry ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $104k (29% of expenses). Other salaries and wages came to $130k. At year end it held assets of $495k against liabilities of $2,209, net assets of $493k. It reported 7 employees.