Rainbow Village Inc

Analysis

Rainbow Village Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rainbow Village Inc reported income of $3.2m and spending of $2.3m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow Village Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Trinity Manor Inc ($3.2m), Catholic Charities Housing Association of Biloxi Inc ($3.2m) and Palm Avenue Baptist Tower Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $142k (6.2% of expenses). Other salaries and wages came to $845k. At year end it held assets of $10.1m against liabilities of $177k, net assets of $10.0m. It reported 17 employees.