Tomorrows Rainbow Inc

Analysis

Tomorrows Rainbow Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Tomorrows Rainbow Inc reported income of $863k and spending of $914k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $530k to $863k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tomorrows Rainbow Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Medshadow Foundation ($863k), Team Healthcare Incorporated ($863k) and Pacific Coast Reproduction Society ($862k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 2.1% of the total. Other salaries and wages came to $395k. At year end it held assets of $240k against liabilities of $32k, net assets of $209k. 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.