Rainbow World Fund

Analysis

Rainbow World Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 World Fund reported income of $1.7m and spending of $941k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $1.7m (+1848%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 1790%. Over the whole period it spent 61% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Rainbow World Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Westarea Volunteer Fire Department Inc ($1.7m), Grand Island Fire Co No 1 Inc ($1.7m) and Odell Volunteer Fire Department Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $773k against liabilities of $26k, net assets of $747k.