Rainbow Access Initiative Inc

Analysis

Rainbow Access Initiative Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Access Initiative Inc reported income of $343k and spending of $263k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $343k (+409%), an average of +409% a year. The sharpest change came in the year to December 2023, when income rose by 409%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rainbow Access Initiative Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Jeff Kornblau Partners for Patient Advocacy ($343k), Pediatrics-Adolescent Diabetes Research and Education Foundation ($344k) and Central New York Lyme and Tick-Borne Disease Alliance Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $90k. At year end it held assets of $116k against liabilities of $11k, net assets of $105k. It reported 4 employees.