Rainbow School

Analysis

Rainbow School is a registered charity in United States, based in Kahuku, HI. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rainbow School reported income of $5.1m and spending of $4.1m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $5.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include Overview Inc ($5.1m), Fairview Volunteer Fire Department Incorporated Buncombe County ($5.1m) and Senior Services Center of Will County Inc ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $113k (2.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.7m against liabilities of $859k, net assets of $3.8m. It reported 86 employees.