Rainbow Community Center of Contra Costa County

Analysis

Rainbow Community Center of Contra Costa County is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Rainbow Community Center of Contra Costa County reported income of $1.9m and spending of $2.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+48%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rainbow Community Center of Contra Costa County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Cy-Fair Sports Association Inc ($1.9m), Jameson Inc ($1.9m) and Indian National Finals Rodeo ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $38k (1.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $948k against liabilities of $595k, net assets of $353k. It reported 29 employees.