Rainbow Plaza Inc

Analysis

Rainbow Plaza Inc is a registered charity in United States, based in Lompoc, CA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Plaza Inc reported income of $530k and spending of $567k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $530k (+13%), an average of +3.2% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Plaza Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Amelia Village Housing Corporation ($530k), PTA New York Congress ($530k) and Avila Institute of Gerontology Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.8m against liabilities of $2.4m, net assets of $410k.