Golden Rainbow of Nevada Inc

Analysis

Golden Rainbow of Nevada Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 September 2023, Golden Rainbow of Nevada Inc reported income of $561k and spending of $743k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $493k to $561k (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2022, when income rose by 120%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Rainbow of Nevada Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NV. Charities of a similar size with the same main cause include Ebri Education and Research Fund ($561k), Media Ministries Inc ($561k) and Oregon Rural Action Inc ($561k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $102k (14% of expenses). Other salaries and wages came to $151k. At year end it held assets of $1.6m against liabilities of $206k, net assets of $1.3m. It reported 4 employees.