Rain Taxi Inc

Analysis

Rain Taxi Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Rain Taxi Inc reported income of $238k and spending of $253k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $229k to $238k (+4.1%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rain Taxi Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Opera Ithaca Incorporated ($238k), Hogfish Maine ($238k) and Three Maples Renaissance Corporation ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $83k (33% of expenses). Other salaries and wages came to $16k. At year end it held assets of $228k against liabilities of $3,661, net assets of $224k. It reported 5 employees.