L โ€” Housing & ShelterEIN: 300108119ยท Ruling Year: 2002

Rainbow Housing Assistance Corporation

Glendale, Arizona

A-Health Score
82A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$5.8M
Total Revenue
๐Ÿ“Š
$4.4M
Total Expenses
๐Ÿฆ
$13.8M
Net Assets
๐Ÿ“‹
$56K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+35.8%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+24.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.13
Net assets divided by total expenses
Liabilities-to-Assets
0.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$5,831,750โ†‘36%$4,407,921โ†‘13%$13,867,511โ†‘11%
2022$4,295,442โ†“17%$3,892,774โ†‘31%$12,487,852โ†‘4%
2021$5,166,412โ†‘65%$2,965,356โ†‘2%$12,062,009โ†‘16%
2020$3,128,358โ†‘19%$2,903,902โ†‘7%$10,430,002โ†‘7%
2019$2,628,233โ†‘10%$2,701,824โ†‘18%$9,714,478โ†“1%
2018$2,379,970โ†“70%$2,285,931$9,840,509โ†‘1%
2017$7,860,526โ†‘115%$2,281,690โ†“43%$9,755,812โ†“40%
2016$3,661,691โ†‘10%$4,033,668โ†‘20%$16,185,172
2015$3,315,603โ†“77%$3,351,018โ†“44%$16,134,111โ†‘1%
2014$14,513,790โ†‘189%$6,023,490โ†‘14%$15,910,851โ†“47%
2013$5,016,351โ†“23%$5,276,154โ†“31%$29,739,989
2012$6,553,363โ†‘22%$7,663,717โ†‘20%$29,704,822โ†“23%
2011$5,363,134$6,407,493$38,614,649

Frequently Asked Questions

What does Rainbow Housing Assistance Corporation do?โ–ผ

Rainbow Housing Assistance Corporation is a housing & shelter nonprofit organization based in Arizona. It is classified under NTEE code L21 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Rainbow Housing Assistance Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Rainbow Housing Assistance Corporation has a score of 82/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Rainbow Housing Assistance Corporation generate?โ–ผ

Rainbow Housing Assistance Corporation reports $6.4M in annual revenue and holds $14.8M in total assets, based on IRS filings.

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Rainbow Housing Assistance Corporation โ€” Glendale, AZ | GiveScope