Rainbows United Charitable Foundation

Analysis

Rainbows United Charitable Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in October 2003, 23 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 June 2023, Rainbows United Charitable Foundation reported income of $98k and spending of $5,771, leaving 94% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $50k to $98k (+97%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbows United Charitable Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within KS. Charities of a similar size with the same main cause include Pantry for Adair County Inc ($98k), Detroit Resident Empowerment & Asset Management Services Inc ($98k) and Pink Paws for the Cause ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.