Rainbow Rising

Analysis

Rainbow Rising is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Rising reported income of $12.8m and spending of $9.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $12.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainbow Rising sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include A Plus Education Partnership ($12.7m), Sunshine Cottage School for Deaf Children ($12.8m) and Life Adjustment Center Inc ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $490k (5.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $16.5m against liabilities of $151k, net assets of $16.3m. It reported 230 employees.