Fort Bend Community Partners Rainbow Room

Analysis

Fort Bend Community Partners Rainbow Room is a registered charity in United States, based in Rosenberg, TX. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Fort Bend Community Partners Rainbow Room reported income of $404k and spending of $397k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $509k to $404k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fort Bend Community Partners Rainbow Room sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include LGBTQ Fund of Vermont Incorporated ($404k), Emmanuels Hammer ($404k) and United Way of Kankakee County Inc ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Other salaries and wages came to $95k. At year end it held assets of $362k against liabilities of $4,725, net assets of $357k. It reported 3 employees.