Rainbow City Band

Analysis

Rainbow City Band is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Rainbow City Band reported income of $62k and spending of $39k, leaving 36% of income unspent that year. Across the 4 years on record, from August 2019 to December 2022, income fell from $69k to $62k (-10.0%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rainbow City Band sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 19th percentile within WA. Charities of a similar size with the same main cause include Opera West ($62k), Twentynine Palms Artists Guild ($62k) and Big Idea Theatre ($62k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 49% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.