Rainbow Adult Living Facilities

Analysis

Rainbow Adult Living Facilities is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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, Rainbow Adult Living Facilities reported income of $2.9m and spending of $2.6m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.9m (+5.6%), an average of +1.4% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Adult Living Facilities sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Broward Inc ($2.9m), Millville Day Care Center ($2.9m) and Habitat for Humanity International Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $171k (6.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.6m against liabilities of $174k, net assets of $3.4m. It reported 45 employees.