Thousand Rainbows Ministries

Analysis

Thousand Rainbows Ministries is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Thousand Rainbows Ministries reported income of $68k and spending of $80k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $64k to $68k (+6.7%), an average of +6.7% a year. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thousand Rainbows Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Kyg USA Inc ($68k), Heart Mind & Spirit Recovery Focus Ministry ($68k) and Siddhivinayak Mandir Atlanta Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $1,958, net assets of $29k.