Be the Rainbow Foundation

Analysis

Be the Rainbow Foundation is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Be the Rainbow Foundation reported income of $109k and spending of $63k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $109k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 34% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Be the Rainbow Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Down Syndrome Support Team ($109k), Greater Fresno Area Intergroup Association Inc ($109k) and Project Momentum Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.