Rainbow Services Ltd

Analysis

Rainbow Services Ltd is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Services Ltd reported income of $5.4m and spending of $5.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.4m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Services Ltd sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Asian Association of Utah ($5.4m), Just Compassion of East Washington County ($5.4m) and Wilson Family Young Mens Christian Association ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $6.2m against liabilities of $1.2m, net assets of $5.0m. It reported 75 employees.