Rainbow Omega Inc
Only null% goes to programs Strong reserves
Rainbow Omega Inc is a 501(c)(3) organization based in Eastaboga, Alabama, registered in 1992, with $8,393,403 in FY2023 revenue. CharityIndex grades it B.
100 Hope Dr, Eastaboga, AL, 36260 EIN 63-1036500 Since 1992
Revenue (FY2023)
$8.4M
▲ 1.2% vs prior year
Human Services median: $293K
Expenses (FY2023)
$8.8M
Net assets
$7.9M
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 Omega Inc— 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 rating11 mo reserves · -5% 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 Omega Inc: 11 mo reserves · -5% 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 Omega Inc— 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 Omega Inc: 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
- 100 Hope Dr, Eastaboga, AL, 36260
- City
- Eastaboga
- State
- Alabama
- Category
- Human Services
- Subcategory
- Residential Care
- Website
- …
Financial trends
Revenue grew from $5.5M (FY2013) to $8.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.0MNet assets $7.9M
Operating margin
-4.8%
Spent more than it raised in the latest fiscal year.
Total assets
$10.9M
Total liabilities
$3.0M
Net assets
$7.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $8,393,403▲1.2% | $8,793,268▼1.2% | $7,931,716▲1.4% | $10,918,119▼2.6% | 990 |
| 2022 | $8,297,847▲0.2% | $8,904,213▲8.3% | $7,820,785▼5.6% | $11,206,060▼2.6% | 990 |
| 2021 | $8,278,220▼6.3% | $8,224,257▲13.1% | $8,280,736▼1.5% | $11,510,079▼3.5% | 990 |
| 2020 | $8,832,059▲2.5% | $7,269,358▲2.4% | $8,410,920▲23.5% | $11,930,247▲4.7% | 990 |
| 2019 | $8,618,263▲9.1% | $7,095,640▲7.4% | $6,810,995▲28.8% | $11,399,788▲21.1% | 990 |
| 2018 | $7,899,810▲21.6% | $6,609,456▲4.7% | $5,288,372▲32.3% | $9,411,021▲14.7% | 990 |
| 2017 | $6,498,608▲4.6% | $6,310,964▲3.1% | $3,998,018▲5.4% | $8,205,479▼1.4% | 990 |
| 2016 | $6,212,272▼5.0% | $6,121,365▼2.3% | $3,794,157▲2.5% | $8,319,480▼1.9% | 990 |
| 2015 | $6,539,005▲11.4% | $6,265,513▲4.3% | $3,703,250▲8.0% | $8,482,103▼4.2% | 990 |
| 2014 | $5,871,158▲6.9% | $6,006,062▲4.1% | $3,429,758▼3.8% | $8,852,107▼1.0% | 990 |
| 2013 | $5,491,750 | $5,771,788▲11.2% | $3,564,662▼7.3% | $8,941,732▼2.4% | 990 |
| 2012 | — | $5,191,950 | $3,844,700 | $9,161,390 | 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 · $464K total
27 grants to Rainbow Omega Inc totaling $464K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Navigate Affordable Housing Partners Inc | Navigate gives back funding will directly benefit 88 individuals with intellectual and physical disabilities who reside at rainbow omega (ro) and/or participate in our workforce development, continuing education, and supportive services programs. ro operates eight group homes and two intermediate care facilities (icfs) on its campus, providing essential services such as housing, healthcare, and vocational opportunities. residents rely on ro for basic necessities, including utilities that ensure safe and comfortable living conditions. | 2024 | $22,000 |
| The Community Fdn of Middle Tn Inc | Designated for the fitness center | 2024 | $10,000 |
| Mightycause Charitable Foundation | Unrestricted | 2024 | $9,623 |
| National Christian Charitable Foundation | Developmental disabilities | 2024 | $7,200 |
| Mightycause Charitable Foundation | Unrestricted | 2023 | $42,485 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $6,850 |
| Mightycause Charitable Foundation | Unrestricted | 2022 | $48,518 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $12,500 |
| Donor Advised Charitable Giving | Human services | 2022 | $6,100 |
| Mightycause Charitable Foundation | Unrestricted | 2021 | $47,252 |
| Donor Advised Charitable Giving | Human services | 2021 | $24,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $8,372 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $8,372 |
| National Christian Charitable Foundation | Growth | 2021 | $7,300 |
| Mightycause Charitable Foundation | Unrestricted | 2020 | $41,394 |
Similar organizations in Human Services
Human Services
Comn Action Partnership Huntsville Madison & Limestone Counties Inc
Huntsville, AL
$8.1M
C+annual revenue
Human Services
Sylacauga Alliance For Family Enhancement Inc - Safe
Sylacauga, AL
$8.1M
Bannual revenue
Human Services
United Methodist Childrens Home
Montgomery, AL
$9.1M
Bannual revenue
Human Services
Community Action Committee Inc of Chambers-tallapoosa-coosa
Dadeville, AL
$7.6M
Bannual revenue
Human Services
The Foundry Ministries Inc
Bessemer, AL
$9.2M
Bannual revenue
Human Services
Childcare Resources
Birmingham, AL
$9.3M
C+annual revenue
Human Services
Young Womens Christian Assn of Birmingham
Birmingham, AL
$7.5M
C+annual revenue
Human Services
Levite Jewish Community Center
Mountain Brk, AL
$7.4M
Bannual revenue
Human Services
Kulturecity
Vestavia Hls, AL
$7.1M
Cannual revenue
Human Services
Covenant Academy of Mobile
Mobile, AL
$6.8M
Bannual revenue
Compare Rainbow Omega Inc
Frequently asked questions
- Is Rainbow Omega Inc a legitimate nonprofit?
- Yes. Rainbow Omega Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 63-1036500, based in Eastaboga, Alabama. Donations are tax-deductible.
- What is Rainbow Omega Inc's EIN?
- Rainbow Omega Inc's Employer Identification Number (EIN) is 63-1036500.
- How much revenue does Rainbow Omega Inc report?
- Rainbow Omega Inc reported $8,393,403 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Rainbow Omega Inc have?
- CharityIndex grades Rainbow Omega Inc B, based on financial health (reserves and operating margin).
More nonprofits in Eastaboga
Explore more
Data for Rainbow Omega Inc (EIN 63-1036500) 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.