Rainbow Babies & Childrens Foundation

Analysis

Rainbow Babies & Childrens Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Babies & Childrens Foundation reported income of $10.9m and spending of $681k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $10.9m (+15%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rainbow Babies & Childrens Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Dickenson Community Hospital Inc ($10.9m), South Yarmouth Management Systems Inc ($10.9m) and Cooper Health Systems ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $101.5m against liabilities of $7.7m, net assets of $93.8m.