Camp Rainbow Inc

Analysis

Camp Rainbow Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 April 2024, Camp Rainbow Inc reported income of $161k and spending of $134k, spending 83% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $61k to $161k (+162%), an average of +27% a year. The sharpest change came in the year to April 2021, when income rose by 212%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Camp Rainbow Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include River City Aquatics ($161k), Supreme Court Basketball Inc ($161k) and Gateway to Glacier Trail Inc ($161k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.6% and program service revenue 64% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.1m against liabilities of $289, net assets of $1.1m. It reported 12 employees.