Desi Rainbow Parents & Allies

Analysis

Desi Rainbow Parents & Allies is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Desi Rainbow Parents & Allies reported income of $257k and spending of $114k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $257k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Desi Rainbow Parents & Allies sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Livingston County Helping Hands Inc ($257k), Ronnie James Dio Stand Up and Shout Cancer Fund ($257k) and Cascade Manor Foundation Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $44k (38% of expenses). At year end it held assets of $355k against liabilities of $4,107, net assets of $351k. It reported 1 employees.