Rainey Institute
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Rainey Institute is a 501(c)(3) organization based in Cleveland, Ohio, registered in 1957, with $2,703,520 in FY2023 revenue. CharityIndex grades it B.
1705 E 55th St, Cleveland, OH, 44103 EIN 34-6555952 Since 1957
Revenue (FY2023)
$2.7M
▲ 17.5% vs prior year
Expenses (FY2023)
$2.3M
Net assets
$11.7M
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 Rainey Institute— 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 rating62 mo reserves · +17% 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 Rainey Institute: 62 mo reserves · +17% 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 Rainey Institute— 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 Rainey Institute: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.4M (FY2013) to $2.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $458KNet assets $11.7M
Operating margin
16.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.2M
Total liabilities
$458K
Net assets
$11.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,703,520▲17.5% | $2,257,398▲0.8% | $11,716,745▲4.0% | $12,174,496▲2.9% | 990 |
| 2022 | $2,301,286▲33.6% | $2,238,490▲26.8% | $11,270,623▲0.6% | $11,833,755▲5.2% | 990 |
| 2021 | $1,722,143▼60.1% | $1,766,000▲29.1% | $11,207,826▲1.2% | $11,251,048▼0.4% | 990 |
| 2020 | $4,317,677▲177% | $1,367,868▼12.6% | $11,076,231▲40.1% | $11,294,144▲38.0% | 990 |
| 2019 | $1,557,944▲9.5% | $1,564,896▼10.5% | $7,904,522▼0.1% | $8,181,541▲2.5% | 990 |
| 2018 | $1,422,598▼30.1% | $1,749,427▲8.1% | $7,911,474▼4.0% | $7,981,098▼3.6% | 990 |
| 2017 | $2,034,055▲19.2% | $1,617,612▲3.8% | $8,238,303▲5.3% | $8,282,810▲5.5% | 990 |
| 2016 | $1,706,695▲12.2% | $1,557,827▼1.6% | $7,821,860▲1.9% | $7,848,820▲0.4% | 990 |
| 2015 | $1,520,700▲6.1% | $1,582,579▲14.3% | $7,672,992▼0.8% | $7,815,558▼0.7% | 990 |
| 2014 | $1,432,622▲0.6% | $1,384,127▲11.6% | $7,734,871▲0.6% | $7,873,702▲1.4% | 990 |
| 2013 | $1,423,506 | $1,240,534▲12.3% | $7,686,376▲2.4% | $7,761,378▲1.9% | 990 |
| 2012 | — | $1,104,393▲11.9% | $7,503,404▲1.9% | $7,612,991▲2.4% | 990 |
| 2011 | — | $986,838▲52.7% | $7,365,408▲1.0% | $7,431,406▲0.7% | 990 |
| 2010 | — | $646,240▲36.9% | $7,289,412▲16.7% | $7,383,049▲10.6% | 990 |
| 2009 | — | $472,105 | $6,244,269 | $6,675,940 | 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 · $3.7M total
32 grants to Rainey Institute totaling $3.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cleveland Foundation | Organizational disbursement | 2024 | $808,627 |
| American Online Giving Foundation Inc | General support | 2024 | $8,002 |
| Cleveland Foundation | Distribution | 2023 | $465,402 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $20,500 |
| Los Angeles Philharmonic Association | Music education | 2023 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $9,370 |
| American Endowment Foundation | Arts, culture | 2023 | $8,000 |
| Cleveland Foundation | 2022 arts mastery programming | 2022 | $400,750 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $36,000 |
| Los Angeles Philharmonic Association | Music education | 2022 | $15,000 |
| Jewish Federation of Cleveland | Pivot center programming, general support, annual fund | 2022 | $7,550 |
| The Blackbaud Giving Fund | General support | 2022 | $5,812 |
| Cleveland Foundation | Arts mastery program | 2021 | $225,548 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $36,000 |
| Cleveland Foundation | Continued support of el sistema@rainey strings and woodwind mastery program | 2020 | $309,661 |
Frequently asked questions
- Is Rainey Institute a legitimate nonprofit?
- Yes. Rainey Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-6555952, based in Cleveland, Ohio. Donations are tax-deductible.
- What is Rainey Institute's EIN?
- Rainey Institute's Employer Identification Number (EIN) is 34-6555952.
- How much revenue does Rainey Institute report?
- Rainey Institute reported $2,703,520 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Rainey Institute have?
- CharityIndex grades Rainey Institute B, based on financial health (reserves and operating margin).
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Data for Rainey Institute (EIN 34-6555952) 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.