Pacific Rainbow Foundation
Pacific Rainbow Foundation shows inconsistent revenue and frequent operating deficits, maintaining assets with no reported officer compensation.
EIN: 201965878 · Honolulu, HI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63K |
| Total Expenses | $151K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $895,748 |
| Net Assets | $931K |
| Transparency Score | 65/100 |
Is Pacific Rainbow Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pacific Rainbow Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pacific Rainbow Foundation
Pacific Rainbow Foundation (EIN: 201965878) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T22. The organization reported total revenue of $63K and total assets of $896K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pacific Rainbow Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pacific Rainbow Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $151K |
| Surplus / Deficit | +$40K |
| Total Assets | $931K |
| Total Liabilities | $1 |
| Net Assets | $931K |
| Operating Margin | 21.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 74.0 months |
Financial Health Grade: A
In 2023, Pacific Rainbow Foundation reported a surplus of $40K with revenue exceeding expenses, holds 74.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Pacific Rainbow Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +440.7% | +74.2% | +4.5% |
| 2022 | -64.9% | +16.0% | -5.4% |
| 2021 | +194.2% | -24.7% | +2.8% |
| 2019 | -327.6% | +74.2% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pacific Rainbow Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Pacific Rainbow Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization or that compensation is not categorized as officer compensation, which minimizes administrative overhead for an organization of its asset size ($895,748).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pacific Rainbow Foundation's IRS 990 filings:
- Highly inconsistent revenue streams, with several years of negative or very low revenue (e.g., -$77,696 in 2019, $35,382 in 2022).
- Frequent operating deficits, where expenses exceed revenue in multiple years (e.g., 2022, 2020, 2019, 2014, 2013).
- Lack of detailed breakdown for program vs. administrative vs. fundraising expenses in the provided data, making precise spending efficiency difficult to ascertain beyond officer compensation.
Strengths
The following positive indicators were identified for Pacific Rainbow Foundation:
- Consistently low liabilities ($0 or $1 across all filings), indicating strong financial solvency and minimal debt.
- No reported officer compensation, suggesting a volunteer-driven model that minimizes administrative overhead.
- Stable asset base (around $900,000) despite revenue fluctuations, providing a buffer for operations.
Frequently Asked Questions about Pacific Rainbow Foundation
Is Pacific Rainbow Foundation a legitimate charity?
Pacific Rainbow Foundation (EIN: 201965878) is a registered tax-exempt nonprofit based in Hawaii. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $63K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Pacific Rainbow Foundation spend its money?
Pacific Rainbow Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Pacific Rainbow Foundation tax-deductible?
Pacific Rainbow Foundation is registered as a tax-exempt nonprofit (EIN: 201965878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pacific Rainbow Foundation CEO make?
Pacific Rainbow Foundation's highest-compensated officer earns $895,748 annually. The organization reported $63K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Pacific Rainbow Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Pacific Rainbow Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pacific Rainbow Foundation located?
Pacific Rainbow Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 201965878. It is classified under NTEE code T22.
How many years of IRS 990 filings does Pacific Rainbow Foundation have?
Pacific Rainbow Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $63K in total revenue.
Is Pacific Rainbow Foundation a good charity?
Pacific Rainbow Foundation demonstrates financial stability through its low liabilities and consistent asset base. However, its highly inconsistent revenue and frequent operating deficits suggest potential challenges in program delivery and long-term sustainability. The lack of reported officer compensation is a positive for efficiency but may raise questions about professional capacity.
How does Pacific Rainbow Foundation fund its operations?
The organization's funding appears highly variable. For example, in 2023, it generated $191,327 in revenue, but in 2022, it only brought in $35,382. This inconsistency suggests a reliance on sporadic donations, grants, or other non-recurring income sources rather than a stable, diversified funding model.
What is the trend in Pacific Rainbow Foundation's financial health?
The financial health shows a fluctuating trend. While 2023 saw a strong positive net income, previous years like 2022, 2020, and 2019 experienced significant operating losses. Assets have remained relatively stable, but the organization frequently spends more than it earns, indicating a reliance on drawing down reserves in many periods.
Filing History
IRS 990 filing history for Pacific Rainbow Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Pacific Rainbow Foundation's revenue has grown by 372.8%, moving from $40K to $191K. Total assets decreased by 3.3% over the same period, from $963K to $931K. Total functional expenses rose by 288.4%, from $39K to $151K. In its most recent filing year (2023), Pacific Rainbow Foundation reported a surplus of $40K, with revenue exceeding expenses. The organization holds $1 in liabilities against $931K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $931K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $151K | $931K | $1 | — | View 990 |
| 2022 | $35K | $87K | $891K | $1 | — | View 990 |
| 2021 | $101K | $75K | $942K | $1 | — | — |
| 2020 | $34K | $99K | $916K | $1 | — | — |
| 2019 | $-77,696 | $84K | $981K | $1 | — | View 990 |
| 2015 | $34K | $48K | $847K | $0 | — | View 990 |
| 2014 | $21K | $37K | $861K | $0 | — | View 990 |
| 2013 | $-40,903 | $43K | $877K | $0 | — | View 990 |
| 2012 | $47K | $49K | $961K | $0 | — | View 990 |
| 2011 | $40K | $39K | $963K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $151K, and assets of $931K (revenue +440.7% year-over-year).
- 2022: Revenue of $35K, expenses of $87K, and assets of $891K (revenue -64.9% year-over-year).
- 2021: Revenue of $101K, expenses of $75K, and assets of $942K (revenue +194.2% year-over-year).
- 2020: Revenue of $34K, expenses of $99K, and assets of $916K.
- 2019: Revenue of $-77,696, expenses of $84K, and assets of $981K (revenue -327.6% year-over-year).
- 2015: Revenue of $34K, expenses of $48K, and assets of $847K (revenue +61.2% year-over-year).
- 2014: Revenue of $21K, expenses of $37K, and assets of $861K.
- 2013: Revenue of $-40,903, expenses of $43K, and assets of $877K (revenue -187.4% year-over-year).
- 2012: Revenue of $47K, expenses of $49K, and assets of $961K (revenue +15.6% year-over-year).
- 2011: Revenue of $40K, expenses of $39K, and assets of $963K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pacific Rainbow Foundation:
Data Sources and Methodology
This transparency report for Pacific Rainbow Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.