Rainbow Babies & Childrens Foundation
Only null% goes to programs Strong reserves
Rainbow Babies & Childrens Foundation is a 501(c)(3) organization based in Cleveland, Ohio, registered in 1999, with $8,911,241 in FY2024 revenue. CharityIndex grades it B.
11100 Euclid Ave, Cleveland, OH, 44106 EIN 34-6532528 Since 1999
Revenue (FY2024)
$8.9M
▼ 18.2% vs prior year
Health median: $840K
Expenses (FY2024)
$522K
Net assets
$105.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rainbow Babies & Childrens Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating2429 mo reserves · +94% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rainbow Babies & Childrens Foundation: 2429 mo reserves · +94% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rainbow Babies & Childrens Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rainbow Babies & Childrens Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 11100 Euclid Ave, Cleveland, OH, 44106
- City
- Cleveland
- State
- Ohio
- Category
- Health Care
- Subcategory
- Hospitals
- Website
- …
Financial trends
Revenue held steady from $8.8M (FY2013) to $8.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $793KNet assets $105.7M
Operating margin
94.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$106.5M
Total liabilities
$793K
Net assets
$105.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,911,241▼18.2% | $522,018▼23.4% | $105,686,223▲12.7% | $106,479,171▲4.9% | 990 |
| 2023 | $10,898,002▲19.4% | $681,286▼66.7% | $93,797,689▲10.6% | $101,475,004▲2.7% | 990 |
| 2022 | $9,125,907▼9.5% | $2,047,098▲69.4% | $84,838,620▼7.0% | $98,769,102▼10.2% | 990 |
| 2021 | $10,086,919▲35.6% | $1,208,450▼56.7% | $91,188,824▲14.0% | $110,029,942▲5.6% | 990 |
| 2020 | $7,440,138▼21.8% | $2,793,658▼90.9% | $79,978,448▲12.3% | $104,187,267▲3.7% | 990 |
| 2019 | $9,517,367▲13.8% | $30,864,214▲508% | $71,212,347▼15.0% | $100,502,316▲12.4% | 990 |
| 2018 | $8,361,798▼29.7% | $5,079,230▲426% | $83,789,038▼5.7% | $89,447,594▼7.7% | 990 |
| 2017 | $11,891,062▲61.8% | $964,921▼28.0% | $88,845,192▲17.6% | $96,885,112▲8.9% | 990 |
| 2016 | $7,347,900▲6.5% | $1,339,313▼78.9% | $75,565,678▲12.1% | $88,939,407▼0.9% | 990 |
| 2015 | $6,897,484▼21.8% | $6,340,026▲43.6% | $67,390,319▼1.5% | $89,778,896▼4.6% | 990 |
| 2013 | $8,821,682 | $4,415,971▼83.2% | $68,412,324▲20.1% | $94,120,394▲11.3% | 990 |
| 2012 | — | $26,360,287▲466% | $56,982,612▼21.1% | $84,596,607▲10.1% | 990 |
| 2011 | — | $4,657,030▲1.2% | $72,227,634▼3.5% | $76,855,243▼4.1% | 990 |
| 2010 | — | $4,602,181▲14.6% | $74,867,464▲17.6% | $80,117,173▲14.4% | 990 |
| 2009 | — | $4,014,812 | $63,656,131 | $70,024,416 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10.2M total
23 grants to Rainbow Babies & Childrens Foundation totaling $10.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cleveland Foundation | General support of the rainbow babies and children's foundation | 2024 | $1,168,275 |
| American Online Giving Foundation Inc | General support | 2024 | $18,750 |
| Cleveland Foundation | General support of rainbow babies and childrens hospital | 2023 | $1,154,821 |
| American Online Giving Foundation Inc | General support | 2023 | $10,526 |
| Cleveland Foundation | General support of rainbow babies and childrens hospital | 2022 | $1,118,169 |
| American Online Giving Foundation Inc | General support | 2022 | $29,591 |
| Cleveland Foundation | 38th annual rainbow golf classic. this grant may not be used in exchange for tickets, tables or any benefit received by the fund advisor or any family member(s). | 2021 | $1,053,467 |
| American Online Giving Foundation Inc | General support | 2021 | $9,291 |
| Cleveland Foundation | Equipment or supplies for rainbow babies and childrens hospital | 2020 | $1,470,637 |
| American Online Giving Foundation Inc | General support | 2020 | $10,187 |
| American Online Giving Foundation Inc | General support | 2020 | $10,187 |
| Paypal Charitable Giving Fund | General support | 2020 | $5,196 |
| Cleveland Foundation | General support | 2019 | $854,168 |
| American Online Giving Foundation Inc | General support | 2019 | $12,944 |
| Network For Good Inc | Unrestricted | 2019 | $7,758 |
Similar organizations in Health
Health
Hopewell
Middlefield, OH
$8.8M
Bannual revenue
Health
Visiting Nurse Association of Cleveland
Brooklyn Hts, OH
$8.8M
Bannual revenue
Health
Monarch Lifeworks
Shaker Heights, OH
$9.2M
Bannual revenue
Health
Christian Community Health Services
Cincinnati, OH
$9.2M
Bannual revenue
Health
Ohios Hospice Foundation
Dayton, OH
$9.2M
Bannual revenue
- Health
Rosary Care Center
Sylvania, OH
$9.2M
C+annual revenue
Health
Access Health Columbus
Columbus, OH
$8.5M
Bannual revenue
Health
Holzer Senior Care Center
Bidwell, OH
$8.5M
Cannual revenue
Health
Ronald Mcdonald House Charities of Northeast Ohio Inc
Cleveland, OH
$9.3M
Bannual revenue
Health
Wesley Ridge Residence Corporation
Columbus, OH
$8.5M
Dannual revenue
Compare Rainbow Babies & Childrens Foundation
Frequently asked questions
- Is Rainbow Babies & Childrens Foundation a legitimate nonprofit?
- Yes. Rainbow Babies & Childrens Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6532528, based in Cleveland, Ohio. Donations are tax-deductible.
- What is Rainbow Babies & Childrens Foundation's EIN?
- Rainbow Babies & Childrens Foundation's Employer Identification Number (EIN) is 34-6532528.
- How much revenue does Rainbow Babies & Childrens Foundation report?
- Rainbow Babies & Childrens Foundation reported $8,911,241 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rainbow Babies & Childrens Foundation have?
- CharityIndex grades Rainbow Babies & Childrens Foundation B, based on financial health (reserves and operating margin).
More nonprofits in Cleveland
Explore more
Data for Rainbow Babies & Childrens Foundation (EIN 34-6532528) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.