Rainbow Missions

Analysis

Rainbow Missions is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Missions reported income of $349k and spending of $281k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $349k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rainbow Missions sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include The Society for Biblical Studies Inc ($349k), Clevemont Inc ($350k) and Eidos Christian Center ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $76k (27% of expenses). Other salaries and wages came to $41k. At year end it held assets of $497k against liabilities of $2,782, net assets of $494k. It reported 3 employees.