Over the Rainbow Unit I

Analysis

Over the Rainbow Unit I is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Over the Rainbow Unit I reported income of $160k and spending of $181k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $171k to $160k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Over the Rainbow Unit I sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Golden Rule Community Development Corporation ($160k), Sloan Street Housing Development Corporation II ($160k) and Burlington Area Homeless Shelter ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $47k. At year end it held assets of $42k against liabilities of $615k, net assets of -$573k.