Rainbow Center

Analysis

Rainbow Center is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 Center reported income of $799k and spending of $857k, spending 107% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $567k to $799k (+41%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 237%. Over the whole period it spent 95% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Rainbow Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Black Appalachian Coalition ($798k), Strategy for Access Foundation NFP ($799k) and TLC Childrens Services Inc ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $75k (8.7% of expenses). At year end it held assets of $366k against liabilities of $13k, net assets of $353k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.