Rainbow Shoppe

Analysis

Rainbow Shoppe is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rainbow Shoppe reported income of $255k and spending of $245k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $278k to $255k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Shoppe sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Bull City Fair Trade ($255k), December 5th Fund ($255k) and Daigle House Apartmentes Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% of the total. Other salaries and wages came to $177k. At year end it held assets of $379k against liabilities of $6,559, net assets of $372k. It reported 9 employees.