Rainbow Child Care Center Inc

Analysis

Rainbow Child Care Center Inc is a registered charity in United States, based in Florence, MS. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rainbow Child Care Center Inc reported income of $374k and spending of $386k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $183k to $374k (+105%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Child Care Center Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MS. Charities of a similar size with the same main cause include Spam Benevolent Fund Inc ($374k), Kingdom Life Recovery Missouri ($374k) and Cooperative Emergency Outreach ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $855 (0.2% of expenses). Other salaries and wages came to $92k. At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 6 employees.