Rainbow Acres

Analysis

Rainbow Acres is a registered charity in United States, based in Camp Verde, AZ. It received its IRS tax-exemption ruling in August 1974, 52 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, Rainbow Acres reported income of $7.1m and spending of $7.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $7.1m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Acres sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within AZ. Charities of a similar size with the same main cause include Just People Inc ($7.1m), Gateway Services Inc ($7.1m) and Island Grown Initiative Ltd ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $278k (3.6% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $16.6m against liabilities of $1.5m, net assets of $15.0m. It reported 154 employees.