Overview

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Est.

1991

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

RAINBOW OMEGA INC is a nonprofit focused on group homes, with a mission to provide group homes for developmentally disabled adults in a caring and nurturing environment. For filing year 2024, it reported an operating budget of $8.8M and total revenue of $8.4M; its top funders included Community Foundation of Northeast Alabama, JMT FOUNDATION TRUST, and HOLY NAME OF JESUS HOSPITAL TRUST C/O REGIONS BANK - TRUST DEPT.

Mission Statement

PROVIDE GROUP HOMES FOR DEVELOPMENTALLY DISABLED ADULTS IN A CARING AND NURTURING ENVIRONMENT.
Revenues
$8.4M
Expenses
$8.8M
Net Income:
-$399.9K
Assets
$10.9M
Liabilities
$3M
Net Assets:
+$7.9M
Operating Budget
$8.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
17
Median grant size
$7.2K
Largest grant received
$153.4K
T
Tim Hodge
Board Member
D
DR Vance Moore
Board Member
M
Matt Vega
Board Member
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  • 34 funders
  • 28 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is RAINBOW OMEGA INC’s budget?
In 2024, RAINBOW OMEGA INC reported an annual operating budget of around $8.8 million. More detailed financial information is available to registered users.
What causes does RAINBOW OMEGA INC support?
RAINBOW OMEGA INC supports work in Group homes.
Where does RAINBOW OMEGA INC operate?
RAINBOW OMEGA INC is headquartered in Eastaboga, AL.
Who funded RAINBOW OMEGA INC recently?
In 2025, RAINBOW OMEGA INC received grants from ALFA FOUNDATION, HUGH A WYATT & JEAN P WYATT FOUNDATION INC, and COMMUNITY FOUNDATION OF NORTHEAST ALABAMA. More information on this organization’s funders is available to registered users.
What is the largest grant RAINBOW OMEGA INC received in 2024?
The largest grant to RAINBOW OMEGA INC in 2024 exceeds $153 thousand.
What is RAINBOW OMEGA INC’s reliance on government grants?
RAINBOW OMEGA INC relied on government grants for more than 5% of their total revenue in 2024.