Chasing the Rainbows

Analysis

Chasing the Rainbows is a registered charity in United States, based in Dallastown, PA. It received its IRS tax-exemption ruling in October 2022, 4 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, Chasing the Rainbows reported income of $78k and spending of $18k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,830 to $78k (+2645%), an average of +2645% a year. The sharpest change came in the year to December 2023, when income rose by 2645%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chasing the Rainbows sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include My Mental Health Inc ($78k), Tommy Apostolos Fund ($78k) and Melrose Area Food Shelf ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.