Rainbow Gardens Housing Corporation

Analysis

Rainbow Gardens Housing Corporation is a registered charity in United States, based in Keytesville, MO. It received its IRS tax-exemption ruling in January 1995, 31 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 Gardens Housing Corporation reported income of $189k and spending of $197k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $211k to $189k (-10%), an average of -10% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Gardens Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within MO. Charities of a similar size with the same main cause include Sunrise Christian Food Ministry ($189k), Minnesota Teamsters Food Shelf ($189k) and High Plains Childrens Home and Family Services Foundation Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $6,938 (3.5% of expenses). Other salaries and wages came to $73k. At year end it held assets of $417k against liabilities of $650k, net assets of -$233k. It reported 6 employees.