Rain Collective Incorporated

Analysis

Rain Collective Incorporated is a registered charity in United States, based in Berlin, CT. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rain Collective Incorporated reported income of $184k and spending of $185k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $184k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rain Collective Incorporated 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 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Pine Manor Improvement Association Inc ($183k), Albuquerque Rotary Charitable Foundation Inc ($184k) and Whatcom Working Waterfront Foundation ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $116k. At year end it held assets of $52k against liabilities of $0, net assets of $52k.