RAINBOW F LOVE INC

EIN: 721580957 501(c)(3) Human Services

Missouri City, TX

Total Revenue
$250,499
Total Expenses
$266,745
Total Assets
$1,151,798
Net Assets
$946,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TX
Principal Officer
DEBBIE R RICHARDS
Phone
7137798877
Tax Period
2024-01-01 to 2024-12-31

RAINBOW F LOVE INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $250K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Net assets of $947K represent 45 months of operating reserves.

Mission

Rainbow of Love is a Social Service Charity that focuses on children, youths and families. The mission is for youths to avoid homelessness via temporary housing, families to be healthy and whole via parenting classes, counseling, supplies and support groups and childre in need of a home to be placed via adoption.

Program Service Accomplishments

Program 1
Expenses: $61,824

Parent education classes and counseling.

Program 2
Expenses: $61,824

Assistance to pregnant women and young mothers

Program 3
Expenses: $61,824

Distribution of diapers, wipes, and baby items.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,499
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,639
Fundraising Expenses $0
Program Expenses $185,472
Other Expenses $173,106
TOTAL EXPENSES $266,745

Year-over-Year Comparison

2024 2023 Change
Revenue $250,499 $505,555 -0.5%
Expenses $266,745 $279,348 0.0%
Net Income $-16,246 $226,207 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
10
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
2
$25,427
Key Employees
1
$25,427
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D R Richards Administrator 030.00
Director Key Emp Highest
$25,427 $0 $25,427
B Amadi ED 001.00
Director
$0 $0 $0
J Romero Secretary 001.00
Officer
$0 $0 $0
T Umoren Officer 001.00
Officer
$0 $0 $0
W Wade Officer 001.00
Officer
$0 $0 $0
A Blanche Officer 001.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $250,499 $266,745 $1,151,798 $-16,246
2023 $505,555 $279,348 $1,271,909 $226,207
2022 $811,388 $390,763 $1,000,750 $420,625
2018 $255,961 $210,990 $181,255 $44,971
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