Rain Inc

Analysis

Rain Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rain Inc reported income of $7.7m and spending of $7.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 27%. 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, Rain Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include The Safe Center Li Inc ($7.7m), Ohio Domestic Violence Network ($7.7m) and Catholic Charities Diocese of Charlotte ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 69% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.9m against liabilities of $1.5m, net assets of $2.4m. It reported 35 employees.