The Rainbow Connection

Analysis

The Rainbow Connection is a registered charity in United States, based in Rochester, MI. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Rainbow Connection reported income of $4.5m and spending of $3.3m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.5m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Rainbow Connection sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Eureka Community & Benevolent Hospital ($4.5m), Hospital Hospitality House of Richmond Inc ($4.5m) and Rhode Island Health Center Association Incorporated ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $128k (3.9% of expenses). Other salaries and wages came to $492k. At year end it held assets of $6.7m against liabilities of $78k, net assets of $6.6m. It reported 11 employees.