Operation Rainbow Inc

Analysis

Operation Rainbow Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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, Operation Rainbow Inc reported income of $331k and spending of $469k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $632k to $331k (-48%), an average of -15% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Rainbow Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Northampton Township Volunteer Fire Co ($331k), Habitat for Humanity International Inc ($332k) and Humane Society of Johnson County ($331k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). At year end it held assets of $543k against liabilities of $9,332, net assets of $533k. It reported 1 employees.