Rainbow School

Analysis

Rainbow School is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Rainbow School reported income of $121k and spending of $116k, spending 96% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $96k to $121k (+26%), an average of +26% a year. The sharpest change came in the year to May 2024, when income rose by 26%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainbow School sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Anewvista Community Services ($121k), Arabic Language Education for Everyone ($121k) and Rise Together Education Inc ($121k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.