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Rain Taxi Inc

EIN 41-1822994 · Minneapolis, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood82 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

RAIN TAXI CHAMPIONS AESTHETICALLY ADVENTUROUS LITERATURE

Income
$237,751
Spending
$261,081
Spent on programs
68%
Reserves
8.2 months of spending
Largest source of income
donations and private grants, 38%
Employees
0
Volunteers
0
Highest pay
$44,000, secretary/operations direc

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 82 out of 100. Higher than 63% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 8.2 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 10% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    15 of 15

    68% of spending went to programs and raising each dollar of donations cost 32 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 87% of charities in its peer group (arts and culture, under $250k).

  • Independent board

    25 of 25

    7 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. RAIN TAXI REVIEW OF BOOKS IS A 48-PAGE QUARTERLY WITH REVIEWS FOR FICTION, NONFICTION, POETRY, AND GRAPHIC NOVELS. BETWEEN THE COVERS, READERS FIND AN AVERAGE OF 50 REVIEWS PER ISSUE, IN-DEPTH AUTHOR INTERVIEWS, PROVOCATIVE ESSAYS ON LITERARY TOPICS, EVEN MORE PUBLISHED ON OUR WEBSITE. RAIN TAXI DEVOTES SPACE IN EVERY ISSUE TO NEW POETRY, DEBUT FICTION, AND MANY WORKS IN TRANSLATION. RAIN TAXI IS UNIQUE IN ITS FOCUS ON WORKS PUBLISHED BY INDEPENDENT AND SMALL PRESS PUBLISHING HOUSES, OFTEN OVER-LOOKED BY MAINSTREAM MEDIA. CONSEQUENTLY, MANY OF THE WRITERS AND WRITING FEATURED IN RAIN TAXI ARE REPRESENTATIVE OF A DIVERSE, MULTI-NATIONAL DEMOGRAPHIC. RAIN TAXI REVIEWERS COMPRISE A DEDICATED POOL OF TALENTED WRITERS - IN THE PAST 25 YEARS WE HAVE WORKED WITH OVER 1300 WRITERS. MANY ARE WELL-KNOWN AUTHORS OR UNIVERSITY PROFESSORS WHO ARE ACTIVELY ENGAGED IN THE FIELD, WHILE SOME APPEAR IN PRINT FOR THE FIRST TIME. WE PROVIDE A SIGNIFICANT OPPORTUNITY FOR EMERGING WRITERS TO PUBLISH A RESPECTED INTERNATIONAL VENUE.
  2. $177,843 spent. THE ANNUAL TWIN CITIES BOOK FESTIVAL HAS BEEN PRODUCED EVERY OCTOBER SINCE 2001. A DAY-LONG CELEBRATION OF BOOKS AND AUTHORS, THE FESTIVAL GATHERS INTERNATIONAL, NATIONAL, AND LOCAL WRITERS IN THE TWIN CITIES TO PRESENT NEW WORK. THE EVENT IS FREE AND OPEN TO THE PUBLIC. AUDIENCE ATTENDANCE HAS GROWN STEADILY SINCE ITS INCEPTION AND FOR THE LAST TWELVE YEARS HAS BEEN OVER 6,000 MAKING IT THE BIGGEST FREE LITERARY EVENT IN THE TWIN CITIES. THE FESTIVAL PRESENTS AN ALL-DAY EXHIBIT FEATURING OVER 150 PUBLISHERS, BOOKSELLERS, AND AUTHORS SHOWING OFF THEIR WARES, WITH BOOK SIGNINGS AND SPECIALS. TWO AUDITORIUMS FEATURE AUTHOR READINGS, PANEL DISCUSSIONS, AND WORKSHOPS ON CURRENT LITERARY ISSUES THROUGHOUT THE DAY. A CHILDREN'S PAVILION PRESENTS STORYTELLING, ACTIVITIES, MUSIC, AND CRAFTS. THE TWIN CITIES BOOK FESTIVAL BRINGS ATTENTION TO THE WEALTH AND DIVERSITY OF CONTEMPORARY LITERATURE AND BRINGS PRIDE TO THE TWIN CITIES, A READING CAPITAL.
  3. EACH YEAR RAIN TAXI SHOWCASES EIGHT TO TEN EMERGING AND ESTABLISHED WRITERS, BOTH LOCAL AND NATIONAL, WHO PUBLISH WITH SMALL AND INDEPENDENT PRESSES. THESE TALENTED WRITERS, WHO COULD BE CHARACTERIZED AS "THE ACCESSIBLE AVANT-GARDE," ARE EAGER TO ENGAGE WITH LOCAL AUDIENCES. THEY REPRESENT A WIDE DEMOGRAPHIC, INCLUDING BUT NOT LIMITED TO AFRICAN AMERICAN, ASIAN AMERICAN, LATIN, AND LGBTQ VOICES. OUR READINGS TAKE PLACE IN LOCAL ART GALLERIES, BOOKSTORES, AND COMMUNITY SPACES. SAMPLE EVENTS INCLUDE READINGS BY AUTISTIC POET DJ SAVARESE, NOBEL PRIZE-WINNER OLGA TOKARCZUK, CAROLYN FORCHE, CHERRIE MORAGA, AND TESSA HADLEY.
  4. OTHER PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE THE CHAPBOOK SERIES AND OTHER PROGRAMS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1996.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.