Rainbow Railroad is a 4-star charity. It is financially transparent, has a strong results reporting grade, and reasonable overhead spending. Reserve funds (cash and investments) can cover three months of annual program costs, indicating a need for funding.

Founded in 2006, Rainbow Railroad helps at-risk LGBTQI+ people get to safety. Rainbow Railroad expects to receive 10,000 requests for help from LGBTQI+ people by the end of 2023. The charity aims to relocate these people to safer countries. Since its founding, the charity has helped over 1,470 people find safety. Rainbow Railroad's office is in Toronto. The charity also has an affiliate in the US, Rainbow Railroad USA. The two charities work together and act under the same management. While the Canadian and US charities report separate financial statements, they do not report their activities separately.

Rainbow Railroad helps LGBTQI+ individuals by responding to requests for help made on the charity's website. Emergency Travel Support is Rainbow Railroad's core program. The charity helps relocate people facing immediate danger to a safer country by providing transportation and short-term support. Rainbow Railroad also offers financial aid, government sponsorship help, crisis response, or referrals to other organizations. The charity does not provide a breakdown of spending on its programs.

In F2022, Rainbow Railroad supported 4,560 people. Of these people, 339 received emergency travel support, 286 received cash assistance, 2,828 received help from Rainbow Railroad's partner organizations, 987 received help with a crisis, 106 used mental health services or other referrals, and 14 had private sponsorship applications submitted for them. Rainbow Railroad reports that of the total requests it received in F2022, 41% came from South-Central Asia, 22% from the Middle East and North Africa, 20% from Sub-Saharan Africa, 6% from Eastern Europe, 5% from the Caribbean, 3% from Latin America, 2% from North America, and 1% from Western Europe and Oceania.