Rainbow Pride of West Virginia Inc
Nonprofit profile at a glance
- EIN
- 550776628
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2021
- Location
- Charleston, WV, USA
- Phone
- 3043953672
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $87,609
- Expenses
- $98,188
- Assets
- $43,389
- Liabilities
- $9,637
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Chris Gosses (President)
- Tim Albee (Vice-President)
People named in this filing
- Chris Gosses (President)
- Tim Albee (Vice-President)
- Carl Maxwell (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to organize LGBTQ (Lesbian, Gay, Bisexual, Transgender, Queer) social and educational events while providing a forum for issues important to our community and supporters. Through community participation and outreach we aim to raise awareness involving social, scientic and health related information. Through visibility and representation we aim to positively contribute to the communities in which we live.
What it reported doing in 2022
State-wide Pride Pageant, held in Charleston, WV on May 14,2022. Contestants of the pageant are from throughout state. The contestants competed for the following title holders: Miss Rainbow Pride of WV, Mr. Rainbow Pride of WV, Miss Rainbow Pride of WV Femme, and Mr. Rainbow Pride of WV King. The pageant represents the best of drag performances and culture in the state. The attendance at the pageant was 125. Drag is historically a LGBTQ art form. The pageant provides a safe and educatonal venue to showcase the best drag in West Virginia.
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Sustainability: 30
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.4%; rating input score 77
- Program expense ratio: 69.1%; rating input score 69
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -12.1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 77.4% of revenue deployed · 69.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $68K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.