Nonprofit · EIN 72-1580957
RAINBOW OF LOVE INC
Tax-exempt · HOUSTON, TX 77096
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $250,499 | $266,745 | -$16,246 | $1,151,798 | $204,947 | $946,851 |
| December 31, 2023 | 990 | $505,555 | $279,348 | $226,207 | $1,271,909 | $308,812 | $963,097 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $250,499
- of which government grants
- $101,975
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $25,427
- Other salaries and wages
- $58,455
- Salaries, compensation and benefits (total)
- $93,639
- Professional fundraising fees
- $0
- Legal fees
- $2,180
- Accounting fees
- $1,920
- Occupancy
- $15,067
- Travel
- $13,171
- Depreciation
- $3,679
- Program services (functional)
- $185,472
- Management and general (functional)
- $81,273
Balance sheet and other
- Total assets, start of year
- $1,271,909
- Total assets, end of year
- $1,151,798
- Total liabilities, end of year
- $204,947
- Net assets, end of year
- $946,851
- Land, buildings and equipment
- $597,309
- Gross receipts
- $250,499
- Employees
- 10
- Year formed
- 2004
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| D R Richards | Administrator Trustee or director, Key employee, Highest-paid employee | 30 | $25,427 |
| B Amadi | ED Trustee or director | 1 | $0 |
| J Romero | Secretary Officer | 1 | $0 |
| T Umoren | Officer Officer | 1 | $0 |
| W Wade | Officer Officer | 1 | $0 |
| A Blanche | Officer Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Richards | Administrator Trustee or director | 30 | $9,408 |
| B Amadi | ED Trustee or director | 1 | $0 |
| J Romero | Secretary Officer | 1 | $0 |
| T Umoren | Officer Officer | 1 | $0 |
| W Wade | Officer Officer | 1 | $0 |
| A Blanche | Officer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10103 FONDREN RD STE 500, HOUSTON, TX 77096-4665
- In care of
- % MEKA ODUNZE
- Mailing address (990-N for 2021)
- 10103 Fondren Road, Houston TX 77096
- Principal officer (990 for 2024)
- DEBBIE R RICHARDS, 4435 ROLLING FIELD LANE, Sugar Land, TX 77479
- Principal officer (990-N for 2021)
- Debbie Richards, 10103 Fondren Road, Houston TX 77096
- Signed the 990
- DEBBIE RICHARDS, DIRECTOR
- Phone
- (713) 779-8877
- Website
- www.rainbowofloveusa.org
- Return prepared by
- ODUNZE AND ASSOCIATES PC
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 accomplishments
- Parent education classes and counseling.Expenses $61,824
- Assistance to pregnant women and young mothersExpenses $61,824
- Distribution of diapers, wipes, and baby items.Expenses $61,824
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1580957
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P31)
- Assets (IRS master file)
- $1,151,798
- Income (IRS master file)
- $250,499
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $250,499 | $266,745 | $1,151,798 | XML |
| 990 | December 2023 | $505,555 | $279,348 | $1,271,909 | XML |
| 990 | December 2022 | $811,388 | $390,763 | $1,000,750 | IRS |
| 990-N for 2021 Officer: Debbie Richards | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Debbie Richards | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1580957).
Questions about RAINBOW OF LOVE INC
- What is the EIN of RAINBOW OF LOVE INC?
- The employer identification number (EIN) of RAINBOW OF LOVE INC is 72-1580957.
- Is RAINBOW OF LOVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to RAINBOW OF LOVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAINBOW OF LOVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAINBOW OF LOVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAINBOW OF LOVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RAINBOW OF LOVE INC?
- The 990 for the year ended December 31, 2024 names DEBBIE R RICHARDS.
- Who are the officers and directors of RAINBOW OF LOVE INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $25,427 (D R Richards, Administrator).
- How much revenue does RAINBOW OF LOVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $250,499, expenses of $266,745 and total assets of $1,151,798 at year end.
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