Rainbow Labs Mentoring Inc

Nonprofit profile at a glance

EIN
863680722
IRS 990 coverage
2022–2025
Forms available
Form 990 2025
Location
Los Angeles, CA, USA
Phone
2133028293
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Child Matching Programs

Official website

Reported finances

Revenue
$1,410,726
Expenses
$1,413,153
Assets
$334,904
Liabilities
$53,074

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JACOB TOUPS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JACOB TOUPS (EXECUTIVE DIRECTOR): $42,200 total reported compensation
  • LUIS VASQUEZ (MANAGING DIRECTOR OF PROGRAMS): $37,828 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A nonprofit organization with the purpose of providing lgbtq+ youth with supportive communities, mentorship, and safe spaces where they can feel empowered and thrive.

What it reported doing in 2025

The organization is dedicated to providing mentorship, leadership development, and safe, supportive spaces for lgbtq+ youth. Rainbow labs mentoring inc. Helps queer and gender-nonconforming youth build community, connect with supportive peers and mentors, explore their identities, and develop the confidence needed to create bright futures. Its goal is to ensure that every young person feels supported, empowered, and accepted, regardless of race, economic status, gender identity, sexual orientation, or background.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.3%; rating input score 86
  • Program expense ratio: 86.2%; rating input score 86
  • Fundraising efficiency: $20.97 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.2%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.24; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: 40.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 37.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 26.7% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 86.3% of revenue deployed · 86.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $42K · 10 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.