Rainbow Senior Center

Analysis

Rainbow Senior Center is a registered charity in United States, based in Boerne, TX. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Rainbow Senior Center reported income of $1.6m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.6m (+44%), an average of +9.6% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Senior Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include New Dream Family Center ($1.6m), Alphapointe Foundation ($1.6m) and Camp Blue Skies Foundation ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $137k (7.8% of expenses). Other salaries and wages came to $531k. At year end it held assets of $5.8m against liabilities of $358k, net assets of $5.4m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.