Rainbow Hearts Center Inc

Analysis

Rainbow Hearts Center Inc is a registered charity in United States, based in Arthur, IL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Rainbow Hearts Center Inc reported income of $482k and spending of $267k, leaving 45% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $261k to $482k (+85%), an average of +85% a year. The sharpest change came in the year to May 2023, when income rose by 85%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainbow Hearts Center Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Rabbi Elefant Talmidim Inc ($482k), Blue Mountain School Inc ($482k) and Vine-Veganism Is the Next Evolution Incorporated ($482k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $391k against liabilities of $0, net assets of $391k.