Rainbow Connection Inc

Analysis

Rainbow Connection Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Connection Inc reported income of $367k and spending of $321k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $263k to $367k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rainbow Connection Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Ezekiel Rain ($367k), Gotta Have Hope Inc ($367k) and Medical Missions Foundation ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.