Rainbow Family Inc

Analysis

Rainbow Family Inc is a registered charity in United States, based in Buena Park, CA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Family Inc reported income of $196k and spending of $263k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $205k to $196k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Family Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Pride of Life Inc ($196k), An Orphans Dream Inc ($196k) and Neighbor to Neighbor Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $303k against liabilities of $0, net assets of $303k.