Rainbow Horizons Inc

Analysis

Rainbow Horizons Inc is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in March 1993, 33 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 June 2023, Rainbow Horizons Inc reported income of $311k and spending of $300k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $213k to $311k (+46%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rainbow Horizons Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Catholic Housing Corporation of Mt Penn Inc ($311k), Home 2 Home Project ($311k) and Tims Clube ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $754k against liabilities of $1.6m, net assets of -$863k.