Quick charity verification for Rainbow Business & Professional Assoc (EIN: 10502284)
Verdict: Rainbow Business & Professional Assoc shows mixed signals
55/100Mission Score
$0Revenue
$0Assets
3Red Flags
3Strengths
Red Flags
Significant and consistent decline in revenue over the past decade, from $30,473 in 2012 to $0 currently.
Current reported revenue and assets are $0, raising questions about ongoing operations.
NTEE code is unknown, which can sometimes hinder understanding of its specific programmatic focus.
Strengths
Consistent filing of IRS Form 990s, indicating good transparency.
No reported liabilities across all filings, suggesting a debt-free status.
No officer compensation reported, indicating a volunteer-driven model appropriate for its size.
Spending Breakdown
How Rainbow Business & Professional Assoc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Rainbow Business & Professional Assoc
Is Rainbow Business & Professional Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Business & Professional Assoc (EIN: 10502284) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Rainbow Business & Professional Assoc a good charity to donate to?
Rainbow Business & Professional Assoc has a Mission Score of 55/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rainbow Business & Professional Assoc?
The Employer Identification Number (EIN) for Rainbow Business & Professional Assoc is 10502284. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Rainbow Business & Professional Assoc spend its money?
Rainbow Business & Professional Assoc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rainbow Business & Professional Assoc's tax-exempt status?
You can verify Rainbow Business & Professional Assoc's tax-exempt status using EIN 10502284 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Rainbow Business & Professional Assoc appears to be a very small organization, with recent annual revenues consistently under $10,000, and current reported assets of $0. The organization has experienced a significant decline in revenue over the past decade, from a high of $30,473 in 2012 to $6,577 in 2018, and currently reports $0. This trend suggests potential operational challenges or a reduction in activities. The consistent reporting of $0 in liabilities across all available filings indicates a lack of debt, which is a positive sign for financial stability, albeit within a very limited operational scope. The organization's transparency is good, with consistent 990 filings available, showing no officer compensation reported, which is typical for very small, volunteer-run entities.