Rainbow Housing Texas Inc

Analysis

Rainbow Housing Texas Inc is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in June 1999, 27 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 (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 Housing Texas Inc reported income of $375k and spending of $370k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $558 to $375k (+67127%), an average of +409% a year. The sharpest change came in the year to December 2020, when income rose by 32158%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow Housing Texas Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within AZ. Charities of a similar size with the same main cause include Riverview-St Marys Inc ($375k), Harriets House ($375k) and His House for Her Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $7,752. At year end it held assets of -$3.3m against liabilities of $8,105, net assets of -$3.3m. It reported 1 employees.