Rainbow Childcare of Monroe Inc

Analysis

Rainbow Childcare of Monroe Inc is a registered charity in United States, based in Monroe, WI. It received its IRS tax-exemption ruling in January 1977, 49 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 August 2023, Rainbow Childcare of Monroe Inc reported income of $1.0m and spending of $979k, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $896k to $1.0m (+12%), an average of +3.0% a year. The sharpest change came in the year to August 2021, when income rose by 63%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Childcare of Monroe Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Healing Hands of Joy ($1.0m), Tri-County Co-Operative Fair Association ($1.0m) and In Her Shoes Inc ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $564k. At year end it held assets of $939k against liabilities of $4,209, net assets of $935k. It reported 40 employees.