Rainbow Days Inc

Analysis

Rainbow Days Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 August 2023, Rainbow Days Inc reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $1.8m (+18%), an average of +4.1% a year. The sharpest change came in the year to August 2020, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rainbow Days Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Brookes Place for Grieving Young People Inc ($1.8m), Global Forum on MSM & HIV ($1.8m) and Ndica ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $180k (9.3% of expenses). Other salaries and wages came to $657k. At year end it held assets of $1.2m against liabilities of $381k, net assets of $866k. It reported 31 employees.