Rainbow Heights Ince

Analysis

Rainbow Heights Ince is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Heights Ince reported income of $462k and spending of $469k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $325k to $462k (+42%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow Heights Ince sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($461k), Curwensville Housing Corporation ($462k) and Baptist Retirement Village ($461k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $2.2m against liabilities of $3.7m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.