Rainbow Youth Center

Analysis

Rainbow Youth Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2016, 10 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, Rainbow Youth Center reported income of $70k and spending of $71k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $70k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainbow Youth Center sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Boyer Valley Agricultural Education Foundation ($70k), San Tan Boosters Parent Teacher Organization ($70k) and Christian Assistance Foundation Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $133 against liabilities of $0, net assets of $133.