Knit the Rainbow Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Knit The Rainbow (KtR) is a nonprofit organization founded in April 2020 by Austin Rivers, driven by the mission to address the housing disparities faced by LGBTQ+ youth in New York City. Knit The Rainbow (KtR) is a nonprofit organization with a mission to address the housing disparities faced by LGBTQ+ youth in New York City, providing essential warmth, love, and compassion through handmade knit and crochet winter garments.
- Income
- $56,077
- Spending
- $67,171
- Reserves
- 3 months of spending
- Largest source of income
- donations and private grants, 100%
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 57 out of 100. Higher than 31% of charities in its peer group (human services, under $250k).
Reserves
20 of 35Spendable reserves would cover 3.0 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 20% of income.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 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 (1)
- $61,180 spent. In 2025, KtR conducted various activities to fulfill its mission, making a significant impact on the lives of homeless and at-risk LGBTQ+ youth. Activities Conducted in 2025: Distribution of Handmade Winter Garments: KtR successfully distributed 9,000 handmade knit and crochet winter garments to homeless and at-risk LGBTQ+ youth in New York, New Jersey, Chicago, and Detroit. These garments provided physical warmth and conveyed a message of care and support to the vulnerable youth. Community Events: NYC Days of Action: In New York City, KtR organized two Days of Action, uniting volunteers in collective efforts to address the housing disparities and create positive change for LGBTQ+ youth in need. NYC Stitch & Sips: KtR hosted a Stitch & Sip event in NYC, providing a relaxed and creative space for volunteers to unite, share their passion for knitting and crocheting, and contribute to the cause. Knit the Future Panel Discussions: The Knit the Future program initiated panel discussions that facilitated important conversations surrounding Diversity, Equity, Inclusion, and Justice in fiber arts. These discussions fostered understanding and encouraged progressive actions within the fiber arts community. Community Outreach: KtR provided five beginner knit and crochet classes to LGBTQ+ youth in New York City. Teaching LGBTQ+ youth how to knit and crochet in group classes fosters a sense of community, creativity, and empowerment while providing a supportive space for self-expression and connection. Through these diverse activities, Knit The Rainbow successfully expanded its reach, increased awareness about the housing crisis faced by LGBTQ+ youth, and fostered a supportive community dedicated to making a positive impact. These efforts align with KtR's commitment to fulfilling its mission and vision of providing warmth, education, and hope to homeless and at-risk LGBTQ+ youth nationwide.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2023 for not filing returns for three years, and reinstated on May 15, 2023.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.