Ark of the Rainbow Corporation

Analysis

Ark of the Rainbow Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ark of the Rainbow Corporation reported income of $379k and spending of $296k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $201k to $379k (+89%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ark of the Rainbow Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include One Story Inc ($379k), Coffeyville Coalition for Early Education ($379k) and Intergenerational Cleveland ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $586k against liabilities of $1,528, net assets of $584k.