Rainbow Employment Agency Inc

Analysis

Rainbow Employment Agency Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Rainbow Employment Agency Inc reported income of $50k and spending of $62k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $50k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rainbow Employment Agency Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include History Club of Los Gatos Charitable Foundation ($50k), Rooted in Change ($50k) and General Federation of Womens Clubs ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $36k against liabilities of $24k, net assets of $12k.