Rainbow Research Inc

Analysis

Rainbow Research Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Rainbow Research Inc reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $782k to $1.7m (+123%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rainbow Research Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Northwest Missouri Living Center Inc ($1.7m), United Ways of Iowa ($1.7m) and Talent First Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $132k (9.1% of expenses). Other salaries and wages came to $584k. At year end it held assets of $928k against liabilities of $251k, net assets of $677k. It reported 10 employees.