Carrington Rainbow Gardens

Analysis

Carrington Rainbow Gardens is a registered charity in United States, based in Carrington, ND. It received its IRS tax-exemption ruling in March 2022, 4 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 February 2024, Carrington Rainbow Gardens reported income of $168k and spending of $32k, leaving 81% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income grew from $120k to $168k (+40%), an average of +40% a year. The sharpest change came in the year to February 2024, when income rose by 40%. Over the whole period it spent 30% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carrington Rainbow Gardens sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 42nd percentile within ND. Charities of a similar size with the same main cause include Odeon Preservation Association Inc ($168k), Campbell County Band Boosters ($168k) and Hoo Maa Foundation ($168k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $311k against liabilities of $0, net assets of $311k.