Rainbow of Hope Farm

Analysis

Rainbow of Hope Farm is a registered charity in United States, based in Kingsley, MI. It received its IRS tax-exemption ruling in November 1995, 31 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 December 2023, Rainbow of Hope Farm reported income of $109k and spending of $109k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $109k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow of Hope Farm sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Aalambana Foundation Inc ($109k), African Arts Academy ($109k) and McSy Qalicb YMCA ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 11% of the total. Other salaries and wages came to $72k. At year end it held assets of $250k against liabilities of $1,121, net assets of $249k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.