Over the Rainbow Unit II

Analysis

Over the Rainbow Unit II is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Over the Rainbow Unit II reported income of $573k and spending of $689k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $592k to $573k (-3.2%), an average of -0.8% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Over the Rainbow Unit II sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Lancaster RHF Housing Inc ($573k), Cornerstone Community Housing Inc ($573k) and Eaton Place Inc ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $146k. At year end it held assets of $9.2m against liabilities of $9.5m, net assets of -$260k.