Under the Rainbow Inc

Analysis

Under the Rainbow Inc is a registered charity in United States, based in Newport, AR. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Under the Rainbow Inc reported income of $444k and spending of $501k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $444k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Under the Rainbow Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within AR. Charities of a similar size with the same main cause include Edwell Inc ($444k), Naples Bridge Center Inc ($444k) and Athletics for Education and Success Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $38k (7.6% of expenses). Other salaries and wages came to $288k. At year end it held assets of $79k against liabilities of $144k, net assets of -$65k. It reported 18 employees.