Rainbow Place Shelter for Homeless Women Inc

Analysis

Rainbow Place Shelter for Homeless Women Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Rainbow Place Shelter for Homeless Women Inc reported income of $395k and spending of $319k, spending 81% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $315k to $395k (+26%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 115%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow Place Shelter for Homeless Women Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Idaho Development and Housing Organization Inc ($395k), Fillmore Housing Development Corporation ($395k) and McCoy Funding Foundation ($395k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (23% of expenses). Other salaries and wages came to $146k. At year end it held assets of $546k against liabilities of $5,500, net assets of $540k. It reported 23 employees.