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Utah · Nonprofit

PROJECT RAINBOW UTAH

PROJECT RAINBOW UTAH (Utah) receives grants from 6 organizations whose IRS filings report $58,475 to it, the largest being B W BASTIAN FOUNDATION ($28,200). 2 of them have funded it in more than one year.

Revenue FY2024
$213k
Funders on record
6
Grants received
$58k
Net assets
$141k
2/6 repeat funderspeak grant-dependency 8%
01What it does

What Project Rainbow Utah does

Mission

To empower and uplift lgbtq+ individuals throughout utah by fostering visibility, promoting inclusivity, and providing crucial support through our community fund.

As stated on its FY2024 Form 990.

Programs

  1. Flag campaigns: staked nearly 5,000 flags across the state of utah to promote visibility and inclusion, through which we raised nearly 60,000 for our community fund.

    $86,706 spentof which $4,373 as grants$75,211 earned by the program
    51% of program spending
  2. Distributed grants to 31 projects. The projects were grouped into the following categories: I.inclusive program support: projects promoting access to activities and events and resources for our communities such as book clubs, resource apps, subsidized tickets and more. Ii.visual and performing arts: 21,000 projects across the spectrum of visual and performing arts as well as photographic and print publications, such as drag shows, zines, movies, and theater. Iii.pride festival community wide pride festivals across the state, including logan pride, davis pride, st. George pride, and utah trans pride. Iv.miscellaneous programs one-off/special events that promote visibility, inclusion, and joy, such as fashion fluid, trans day of remembrance memorial, sister pride kick-off and more.

    $60,979 spentof which $56,413 as grants
    36% of program spending
  3. Program events I.continued annual tradition of trans awareness week programming including flag raising with the salt lake city council, an online healing circle, a name-change clinic with aclu utah, a recycled runway event, "transfeastival", and more. Ii.executed a rainbow brunch to celebrate our volunteers in september with live performers, food, and resources. Iii.held a rally and march for transgender day of visibility.

    $212 spent
    0% of program spending
  4. Other program services and activities relating to the organization's mission but not aligning with the other categories described.

    $23,393 spent
    14% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $171,290.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($139k) Expenses 100 ($90k) Net assets 100 ($103k)2022 Revenue 132 ($184k) Expenses 175 ($157k) Net assets 126 ($130k)2023 Revenue 141 ($196k) Expenses 213 ($190k) Net assets 132 ($136k)2024 Revenue 153 ($213k) Expenses 232 ($208k) Net assets 136 ($141k)
2021202220232024
Revenue (153)Expenses (232)Net assets (136)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $106k to $130k (+23%).

$106k
$130k
$137k
$143k
2021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

63% of PROJECT RAINBOW UTAH’s revenue is contributions — more earned-revenue than three-quarters of its peers (99% for the typical peer).

This organization
Typical peer · 1,975 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.

$50k
’21
$27k
’22
$6k
’23
$5k
’24
8.1
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Matthew Kastellec

Chair

As listed on its FY2024 Form 990.

03Who funds it

Who funds it, year by year

2021 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $10k → $7k.

From the IRS filings of PROJECT RAINBOW UTAH’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PROJECT RAINBOW UTAH leans on a few funders — its largest provides 48% of grant income and the top three 87%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

39% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROJECT RAINBOW UTAH.

48%
largest funder
87%
top three
~3
effective funders

Largest funder’s share by year: 2021 74% · 2022 51% · 2023 100% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

57% of PROJECT RAINBOW UTAH's grant income comes from Utah funders.

MN
NY
UT
VA

In-state vs out-of-state, by year

’21
’22
’23
Utah out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PROJECT RAINBOW UTAH is better cushioned than half of the 1,798 civil rights nonprofits its size.

Operating margin2% · below the median
Months of reserve8.1mo · above the median
Revenue growth (annualized)15% · above the median

this organization peer median middle 50% of peers· 1,798 civil rights nonprofits $100k–$1M, FY2024

Organizations like PROJECT RAINBOW UTAH

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Utah

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

82% of spending goes to programs.

Program 82%Management 16%Fundraising 2%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

88%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

UT

Screen this organization

A dated, signed PDF of the compliance screen for PROJECT RAINBOW UTAH: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PROJECT RAINBOW UTAH?
PROJECT RAINBOW UTAH (Utah) receives grants from 6 organizations whose IRS filings report $58,475 to it, the largest being B W BASTIAN FOUNDATION ($28,200). 2 of them have funded it in more than one year.
How many funders does PROJECT RAINBOW UTAH have?
IRS filings report 6 organizations giving $58,475 in grants to PROJECT RAINBOW UTAH, 2 of which have funded it in more than one year.
Who is the largest funder of PROJECT RAINBOW UTAH?
B W BASTIAN FOUNDATION is the largest funder on record, with $28,200 in grants. The full list of funders is on this page.
How can an organization like PROJECT RAINBOW UTAH find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Utah. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Project Rainbow Utah →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing