The RawTherapee documentation gives a concise but useful description of digital camera profiles. From RawPedia:
Technically, each photosite in a digital photography camera’s image sensor outputs a certain current based on the number of photons of light that hit that photosite. The current is converted into a number. These numbers, along with some metadata, are stored in what is known as a “raw file”. At this point there is no concept of color and the raw data looks nothing like an image. As in traditional photography, the image must be “developed” into a usable form. One of the steps of this development involves translating the numbers into accurate colors, and for that you need to profile the camera, to map the numbers to specific known colors.
Practically, you must use an input color profile in order to get accurate colors, and currently the best way to go about this is using a “DNG camera profile” (DCP for short - do not confuse with the entirely unrelated Digital Cinema Package). The input color profile is what makes a camera’s colors look they way they do when you open a photo, before you make any tweaks.
or from xrite
A digital camera profile describes the conversion of the digital camera specific RGB space to the CIE Lab system. The test chart determines which colors from the original will be converted to which RGB colors of the digital camera. However, since a test chart only covers part of the digital camera’s entire gamut, it is the profiling software’s job to supply a description of those colors that are in the outer areas of the device gamut.
In italic , wrong and misleading terms used by xrite. Raw files don’t contain colors neither RGB data.
As TIFF/JPG/PNG are already developed images coded in some color space (sRGB…), DCP cannot be applied to them.
I don’t know if it is possible to apply an ICC profile for artistic purpose in RT. The best is to read rawpedia