David And Kim Rainbolt Foundation
David And Kim Rainbolt Foundation maintains stable assets and no executive compensation.
EIN: 208018384 · Oklahoma City, OK · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $41K |
| Program Spending | 90% |
| Net Assets | $798K |
| Transparency Score | 85/100 |
Is David And Kim Rainbolt Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David And Kim Rainbolt Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David And Kim Rainbolt Foundation
David And Kim Rainbolt Foundation (EIN: 208018384) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code T22. The organization reported total revenue of $54K and total assets of $800K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David And Kim Rainbolt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David And Kim Rainbolt Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $41K |
| Surplus / Deficit | +$12K |
| Total Assets | $798K |
| Total Liabilities | $1 |
| Net Assets | $798K |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 233.2 months |
Financial Health Grade: A
In 2023, David And Kim Rainbolt Foundation reported a surplus of $12K with revenue exceeding expenses, holds 233.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), David And Kim Rainbolt Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +24.0% | +1.5% |
| 2022 | +2.8% | -15.5% | +2.2% |
| 2021 | +3.3% | -2.2% | +1.2% |
| 2020 | +5679.7% | +28.9% | +0.9% |
| 2019 | -97.6% | -28.1% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates David And Kim Rainbolt Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, David And Kim Rainbolt Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are used for officer salaries, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of David And Kim Rainbolt Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Limited public information on specific grant recipients
Strengths
The following positive indicators were identified for David And Kim Rainbolt Foundation:
- Consistent asset growth over time
- Zero executive compensation reported
- Low liabilities, indicating sound financial management
- Expenses generally managed within revenue, ensuring sustainability
- Consistent IRS 990 filing history
Frequently Asked Questions about David And Kim Rainbolt Foundation
Is David And Kim Rainbolt Foundation a legitimate charity?
David And Kim Rainbolt Foundation (EIN: 208018384) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $54K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does David And Kim Rainbolt Foundation spend its money?
David And Kim Rainbolt Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to David And Kim Rainbolt Foundation tax-deductible?
David And Kim Rainbolt Foundation is registered as a tax-exempt nonprofit (EIN: 208018384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does David And Kim Rainbolt Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), David And Kim Rainbolt Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is David And Kim Rainbolt Foundation located?
David And Kim Rainbolt Foundation is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 208018384. It is classified under NTEE code T22.
How many years of IRS 990 filings does David And Kim Rainbolt Foundation have?
David And Kim Rainbolt Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $54K in total revenue.
What are the specific programs or grants funded by the foundation?
The provided IRS 990 data does not detail specific programs or grants. As a private grantmaking foundation (NTEE T22), its primary activity would be distributing grants to other organizations, but the recipients are not specified in this summary.
How does the foundation ensure its grants align with its mission?
Without information on specific grant recipients or a stated mission beyond its NTEE code, it's not possible to assess how the foundation ensures mission alignment. This information would typically be found in the full 990 form's Schedule I or in the organization's public statements.
What is the foundation's long-term strategy for asset growth and grant distribution?
The foundation has shown consistent, albeit modest, asset growth over the past decade, from $747,996 in 2011 to $798,410 in 2023. Its strategy appears to involve maintaining a stable endowment and distributing grants from its investment income, as evidenced by expenses generally being less than or close to revenue.
Filing History
IRS 990 filing history for David And Kim Rainbolt Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), David And Kim Rainbolt Foundation's revenue has grown by 35.3%, moving from $39K to $53K. Total assets increased by 6.7% over the same period, from $748K to $798K. Total functional expenses rose by 74.9%, from $23K to $41K. In its most recent filing year (2023), David And Kim Rainbolt Foundation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1 in liabilities against $798K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $798K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $41K | $798K | $1 | — | — |
| 2022 | $50K | $33K | $787K | $1 | — | — |
| 2021 | $49K | $39K | $770K | $1 | — | — |
| 2020 | $47K | $40K | $761K | $1 | — | — |
| 2019 | $814 | $31K | $753K | $1 | — | View 990 |
| 2015 | $34K | $43K | $778K | $1 | — | View 990 |
| 2014 | $46K | $41K | $787K | $1 | — | View 990 |
| 2013 | $55K | $28K | $782K | $0 | — | View 990 |
| 2012 | $40K | $33K | $756K | $0 | — | View 990 |
| 2011 | $39K | $23K | $748K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $41K, and assets of $798K (revenue +5.7% year-over-year).
- 2022: Revenue of $50K, expenses of $33K, and assets of $787K (revenue +2.8% year-over-year).
- 2021: Revenue of $49K, expenses of $39K, and assets of $770K (revenue +3.3% year-over-year).
- 2020: Revenue of $47K, expenses of $40K, and assets of $761K (revenue +5679.7% year-over-year).
- 2019: Revenue of $814, expenses of $31K, and assets of $753K (revenue -97.6% year-over-year).
- 2015: Revenue of $34K, expenses of $43K, and assets of $778K (revenue -25.8% year-over-year).
- 2014: Revenue of $46K, expenses of $41K, and assets of $787K (revenue -15.7% year-over-year).
- 2013: Revenue of $55K, expenses of $28K, and assets of $782K (revenue +35.8% year-over-year).
- 2012: Revenue of $40K, expenses of $33K, and assets of $756K (revenue +3.0% year-over-year).
- 2011: Revenue of $39K, expenses of $23K, and assets of $748K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David And Kim Rainbolt Foundation:
Data Sources and Methodology
This transparency report for David And Kim Rainbolt Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.