Rainbow Hospice Care Inc

Analysis

Rainbow Hospice Care Inc is a registered charity in United States, based in Jefferson, WI. It received its IRS tax-exemption ruling in December 1989, 37 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 December 2023, Rainbow Hospice Care Inc reported income of $12.4m and spending of $13.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $12.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Hospice Care Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Civitan Foudation Inc ($12.4m), Aging Disability & Transit Services of Rockingham County ($12.4m) and Southwestern Child Development Commission Inc ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $615k (4.7% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $17.9m against liabilities of $2.0m, net assets of $15.9m. It reported 139 employees.