Rainy Day Fund

Tax-deductible

Columbia, SC501(c)(3)Since 2020Crime & LegalEIN 85-4106379Revenue $270K in FY2025

On file with the IRSrainydayfund.us1601 Assembly St Unit 8707, 29202-4681 · Columbia, SCTax-exempt since May 2021Publicly supported — 509(a)(2)

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We work to provide funding to help meet the immediate needs and alleviate financial barriers to success for individuals who are involved in or at risk of involvement with the US legal system.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 80 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $53K a year · 18% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $54K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$270K
-13% vs prior year
Spent
$221K
To programs
90%
Net assets
$158K
By yearFY2023–FY2025
Revenue
$270K
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2023$106K
FY2024$309K
FY2025$270K
Expenses
$221K
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2023Not on file
FY2024$252K
FY2025$221K
Net assets
$158K
FY2025▲ +45%
Tap a bar for its year
Net assets by fiscal year
FY2023$52K
FY2024$109K
FY2025$158K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $200K Management & general 9% · $21K Fundraising 0% · $219

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rainy Day Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund immediate needs and remove financial barriers for those in or at risk of the legal system.

Questions for Rainy Day Fund

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Provided by the organization

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1 program · $200K · in their own filed words · FY2025
01

Rainy Day Fund works to eliminate the financial barriers that prevent individuals from exiting or avoiding the legal system by assisting with costs associated with housing, employment, securing identification, restoration of rights, court costs, and other immediate needs.

$200Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$54K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Gifts and grantsLn 1h$266K
Other incomeLn 4–11$3K
Money outPt IX
$221K
Ln 25
Programscol B$200K
Managementcol C$21K
Fundraisingcol D$219
Owns and owesPt X
$158K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$164K
LiabilitiesLn 26$6K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$266K
Government grantsLn 1e$92K
Noncash giftsLn 1g$9K
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$159K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$274
Other assetsLn 15$0
Total assetsLn 16$164K
LiabilitiesLn 26$6K
Net assetsLn 32$158K
OperationsPt I, VI
EmployeesI 52
VolunteersI 680
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$111K$164K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$548$274
Total assetsLn 16$112K$164K
LiabilitiesLn 26$3K$6K
Net assetsLn 32$109K$158K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$66K$66K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9−$155$102−$257
Payroll taxesLn 10$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$31$31
Office expensesLn 13$3K$3K
Information technologyLn 14$9K$5K$3K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$133K$123K$9K$219
All other expensesLn 24e$30$30
Total functional expensesLn 25$221K$200K$21K$219

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $270K$221K$49K$158K 990 PDF
FY2024 $309K$252K$57K$109K 990 PDF
FY2023 $106K$52K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $269,888 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $291,487$266,392
I-9 Program service revenue$0
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $17,942$3,496
I-12 Total revenuePrior year $309,430$269,888
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $95,605$70,870
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $156,587$149,938
I-18 Total expensesPrior year $252,192$220,808
I-19 Revenue less expensesPrior year $57,238$49,080
Part VI · Governance 8 of 8 board members independent, 5 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $269,888 across 11 lines filed
VIII-1e Government grants$92,400
VIII-1f All other contributions, gifts and grants$173,992
VIII-1g Noncash contributions (included above)$9,178
VIII-1h Total contributions, gifts and grants$266,392
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$1,769
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,727$1,727
VIII-12 Total revenueRelated to mission $1,727$269,888
Part IX · Statement of functional expenses $220,808 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $66,226$66,226
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $102 · Management −$257−$155
IX-10 Payroll taxesPrograms $4,799$4,799
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,264$4,264
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $31$31
IX-13 Office expensesManagement $2,904$2,904
IX-14 Information technologyPrograms $5,428 · Management $3,105$8,533
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,522$1,522
IX-24 Other expenses (24a–d)Programs $123,158 · Management $9,277 · Fundraising $219$132,654
IX-24e All other expensesManagement $30$30
IX-25 Total functional expensesPrograms $199,713 · Management $20,876 · Fundraising $219$220,808
Part X · Balance sheet $164,133 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $111,099$158,647
X-2 Savings and temporary cash investments$5,212
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $548$274
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $111,647$164,133
X-25 Other liabilitiesStart of year $2,842$6,040
X-26 Total liabilitiesStart of year $2,842$6,040
X-27 Net assets without donor restrictionsStart of year $108,805$158,093
X-32 Total net assets or fund balancesStart of year $108,805$158,093
X-33 Total liabilities and net assetsStart of year $111,647$164,133
Part XI · Reconciliation of net assets $158,093 net assets at year end
XI-1 Total revenue$269,888
XI-2 Total expenses$220,808
XI-3 Revenue less expenses$49,080
XI-4 Net assets at start of year$108,805
XI-8 Prior period adjustments$208
XI-10 Net assets at end of year$158,093

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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