Rainbow Hospice and Palliative Care

Analysis

Rainbow Hospice and Palliative Care is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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, Rainbow Hospice and Palliative Care reported income of $17.4m and spending of $17.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $25.1m to $17.4m (-31%), an average of -8.8% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Hospice and Palliative Care sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Rescue Missions Ministries Inc ($17.4m), Tri County Family Medicine Program ($17.4m) and Vista Grande Villa ($17.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. At year end it held assets of $5.4m against liabilities of $3.9m, net assets of $1.5m.