Be the Rainbow Inc
Nonprofit profile at a glance
- EIN
- 873228932
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Port Washington, NY, USA
- Phone
- 5168694930
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Lesbian, Gay Rights
Reported finances
- Revenue
- $42,487
- Expenses
- $22,482
- Assets
- $19,418
- Liabilities
- $584
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- LAUREN SHEEN (PRESIDENT)
People named in this filing
- LAUREN SHEEN (PRESIDENT)
- ARMANDO MEJIA-GALLARDO (TREASURER)
- ALEXANDRA TYLER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizations primary program service accomplishments include holding public events and engaging in community outreach to increase visibility and a sense of belonging for the lgbtqia+ community.
What it reported doing in 2024
The corporation hosts events for lgbtqia+ families and allies. Events include music, food, yoga, and childrens activities.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 82
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.9%; rating input score 43
- Program expense ratio: 81%; rating input score 81
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 47.1%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 11% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 23.6% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 36.9% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 42.9% of revenue deployed · 81% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.