Rainbow Village Inc

Analysis

Rainbow Village Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in April 1967, 59 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 December 2023, Rainbow Village Inc reported income of $345k and spending of $351k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $345k (+4.2%), an average of +1.0% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Village Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include Trinity Empowerment Consortium Inc ($345k), Palo Pinto County Livestock Association ($345k) and Hogans Junior Golf Heroes Foundation ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $88k. At year end it held assets of $771k against liabilities of $477k, net assets of $294k.

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.