Rainbows United Inc

Analysis

Rainbows United Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rainbows United Inc reported income of $13.6m and spending of $12.6m, spending 92% of its income. Across the 6 years on record, from June 2014 to June 2023, income grew from $9.3m to $13.6m (+47%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbows United Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Assumption Home Inc ($13.6m), Mountain Valley Developmental Services Inc ($13.6m) and Cedar Valley Hospice Inc ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $429k (3.4% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $10.6m against liabilities of $966k, net assets of $9.6m. It reported 311 employees.