Over the Rainbow Association

Analysis

Over the Rainbow Association is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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, Over the Rainbow Association reported income of $1.8m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Over the Rainbow Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Vail Religious Foundation ($1.8m), Health Occupations Students of America ($1.8m) and Heritage Christian School ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 57% of the total. Other salaries and wages came to $772k. At year end it held assets of $4.6m against liabilities of $1.0m, net assets of $3.5m. It reported 25 employees.