Rainier Scholars

Analysis

Rainier Scholars is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rainier Scholars reported income of $7.3m and spending of $8.9m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.1m to $7.3m (+43%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainier Scholars sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Rockley Family Foundation Inc ($7.3m), Consortium for Advanced Studies Abroad ($7.3m) and Colorado Springs School ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $325k (3.7% of expenses). Other salaries and wages came to $5.0m. It paid $56k in professional fundraising fees. At year end it held assets of $10.2m against liabilities of $1.1m, net assets of $9.1m. It reported 134 employees.