Rainbow Productions

Analysis

Rainbow Productions is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Productions reported income of $303k and spending of $307k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $303k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rainbow Productions sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Rensselaer County Historical Society Inc ($303k), Keplers Literary Foundation ($303k) and Shreveport Scottish Rite Foundation Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $81k (26% of expenses). At year end it held assets of $42k against liabilities of $0, net assets of $42k.