Rainbow Sandals Foundation

Analysis

Rainbow Sandals Foundation is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rainbow Sandals Foundation reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $3.8m (+1161%), an average of +88% a year. The sharpest change came in the year to December 2021, when income rose by 430%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rainbow Sandals Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Chinatown Health Clinic Foundation Inc ($3.7m), Jewish Federation of Greater Portland ($3.8m) and Greater Grand Island Community Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $30k (0.8% of expenses). At year end it held assets of $1.2m against liabilities of $929, net assets of $1.2m.