Quick charity verification for Rainbow Corners Nursery School (EIN: 221732827)
Verdict: Rainbow Corners Nursery School shows mixed signals
65/100Mission Score
$97KRevenue
$26KAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits across multiple years (e.g., 2019: revenue $153,065, expenses $167,961).
Significant decline in total assets over the past 7 years, from $232,332 to $26,410.
Lack of detailed information regarding program spending versus administrative and fundraising costs.
No revenue reported in 2014, with only $4,673 in expenses and $39,596 in assets.
Strengths
Long operational history indicated by multiple years of financial filings.
Consistent, albeit declining, asset base suggests some financial stability in earlier years.
Spending Breakdown
How Rainbow Corners Nursery School allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Corners Nursery School
Is Rainbow Corners Nursery School a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Corners Nursery School (EIN: 221732827) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
Is Rainbow Corners Nursery School a good charity to donate to?
Rainbow Corners Nursery School has a Mission Score of 65/100. Revenue: $97K. Assets: $26K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rainbow Corners Nursery School?
The Employer Identification Number (EIN) for Rainbow Corners Nursery School is 221732827. 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 Corners Nursery School spend its money?
Rainbow Corners Nursery School allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rainbow Corners Nursery School's tax-exempt status?
You can verify Rainbow Corners Nursery School's tax-exempt status using EIN 221732827 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 Corners Nursery School is a unknown nonprofit based in Waldwick, New Jersey, with reported revenue of $97K and assets of $26K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data. Revenue has declined -26% across 8 filing periods.