Rainbow Village II Inc

Analysis

Rainbow Village II Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Village II Inc reported income of $212k and spending of $213k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $212k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Village II Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within MO. Charities of a similar size with the same main cause include Bladen Crisis Assistance Inc ($212k), Village of Hope Maui Inc ($212k) and The Suwandi Foundation ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 37% of the total. Other salaries and wages came to $46k. At year end it held assets of $660k against liabilities of $330k, net assets of $330k.

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.