Rykers Rainbow

Analysis

Rykers Rainbow is a registered charity in United States, based in Owens X RDS, AL. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rykers Rainbow reported income of $210k and spending of $115k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $210k (+141%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rykers Rainbow sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Metro Apartments Incorporated ($210k), Havelock Pregnancy Resource Center ($210k) and The Mission House Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.