Rainbow Seniors Roc Inc

Analysis

Rainbow Seniors Roc Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rainbow Seniors Roc Inc reported income of $73k and spending of $66k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $73k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rainbow Seniors Roc Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Minerva West ($73k), Rome Festival Orchestra Ltd ($73k) and Artisans of Mount Dora Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 14% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.