Rainbow Abilities Center Inc

Analysis

Rainbow Abilities Center Inc is a registered charity in United States, based in Union, MO. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Rainbow Abilities Center Inc reported income of $1.4m and spending of $1.1m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.4m (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Abilities Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Rape Domestic Abuse Program of North Platte Inc ($1.4m), Life Line Inc ($1.4m) and Association for Retarded Citizens Taft Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $690k. At year end it held assets of $2.7m against liabilities of $297k, net assets of $2.4m. It reported 41 employees.