Rainard School Inc

Analysis

Rainard School Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Rainard School Inc reported income of $1.1m and spending of $1.2m, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $549k to $1.1m (+103%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 138% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainard School Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Laguna Beach Education Foundation ($1.1m), Vermont Farmers Market Education Center Inc ($1.1m) and Lazarus Project ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 12% and program service revenue 86% of the total. Other salaries and wages came to $715k. At year end it held assets of $1.7m against liabilities of $471k, net assets of $1.2m. It reported 17 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.