Over The Rainbow Unit Ii
EIN: 363296450 · Evanston, IL · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $689K |
| Net Assets | $-259,704 |
Is Over The Rainbow Unit Ii Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Over The Rainbow Unit Ii
Over The Rainbow Unit Ii (EIN: 363296450) is a nonprofit organization based in Evanston, IL, classified under NTEE code L21. The organization reported total revenue of $1.0M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Over The Rainbow Unit Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Over The Rainbow Unit Ii is a mid-size nonprofit that has been operating for 13 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $573K |
| Total Expenses | $689K |
| Surplus / Deficit | $-115,918 |
| Total Assets | $9.2M |
| Total Liabilities | $9.5M |
| Net Assets | $-259,704 |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 102.8% |
| Months of Reserves | 160.1 months |
Financial Health Grade: C
In 2023, Over The Rainbow Unit Ii reported a deficit of $116K with expenses exceeding revenue, holds 160.1 months of operating reserves (strong position), has a debt-to-asset ratio of 102.8% (high leverage).
Financial Trends
Over 16 years of filings (2008–2023), Over The Rainbow Unit Ii's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.3% | +25.8% | +436.6% |
| 2022 | +0.8% | +3.2% | +6.7% |
| 2021 | -1.6% | +4.1% | -8.6% |
| 2020 | +0.9% | -4.4% | +0.1% |
| 2019 | +4.4% | +0.1% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Over The Rainbow Unit Ii has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Over The Rainbow Unit Ii with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.8%.
Frequently Asked Questions about Over The Rainbow Unit Ii
Is Over The Rainbow Unit Ii a legitimate charity?
Over The Rainbow Unit Ii (EIN: 363296450) is a registered tax-exempt nonprofit based in Illinois. It has 16 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: C.
How does Over The Rainbow Unit Ii spend its money?
Over The Rainbow Unit Ii reported $1.0M in total revenue in IRS 990 filings. 16 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Over The Rainbow Unit Ii tax-deductible?
Over The Rainbow Unit Ii is registered as a tax-exempt nonprofit (EIN: 363296450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Over The Rainbow Unit Ii located?
Over The Rainbow Unit Ii is headquartered in Evanston, Illinois and files with the IRS under EIN 363296450. It is classified under NTEE code L21.
How many years of IRS 990 filings does Over The Rainbow Unit Ii have?
Over The Rainbow Unit Ii has 16 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Over The Rainbow Unit Ii showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Over The Rainbow Unit Ii's revenue has grown by 17.7%, moving from $487K to $573K. Total assets increased by 453.3% over the same period, from $1.7M to $9.2M. Total functional expenses rose by 14.7%, from $600K to $689K. In its most recent filing year (2023), Over The Rainbow Unit Ii reported a deficit of $116K, with expenses exceeding revenue. The organization holds $9.5M in liabilities against $9.2M in assets (debt-to-asset ratio: 102.8%), resulting in net assets of $-259,704.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $573K | $689K | $9.2M | $9.5M | — | — |
| 2022 | $593K | $548K | $1.7M | $1.9M | — | — |
| 2021 | $588K | $531K | $1.6M | $1.8M | — | View 990 |
| 2020 | $598K | $510K | $1.8M | $2.0M | — | — |
| 2019 | $592K | $534K | $1.8M | $2.1M | — | View 990 |
| 2018 | $567K | $533K | $1.8M | $2.2M | — | View 990 |
| 2017 | $614K | $504K | $1.9M | $2.3M | — | View 990 |
| 2016 | $558K | $537K | $1.9M | $2.4M | — | View 990 |
| 2015 | $545K | $572K | $1.9M | $2.5M | — | View 990 |
| 2014 | $533K | $586K | $2.0M | $2.5M | — | View 990 |
| 2013 | $601K | $618K | $2.1M | $2.5M | — | View 990 |
| 2012 | $558K | $606K | $2.1M | $2.5M | — | View 990 |
| 2011 | $614K | $578K | $2.1M | $2.5M | — | View 990 |
| 2010 | $997K | $586K | $2.0M | $2.4M | — | View 990 |
| 2009 | $581K | $632K | $1.6M | $2.5M | — | View 990 |
| 2008 | $487K | $600K | $1.7M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $573K, expenses of $689K, and assets of $9.2M (revenue -3.3% year-over-year).
- 2022: Revenue of $593K, expenses of $548K, and assets of $1.7M (revenue +0.8% year-over-year).
- 2021: Revenue of $588K, expenses of $531K, and assets of $1.6M (revenue -1.6% year-over-year).
- 2020: Revenue of $598K, expenses of $510K, and assets of $1.8M (revenue +0.9% year-over-year).
- 2019: Revenue of $592K, expenses of $534K, and assets of $1.8M (revenue +4.4% year-over-year).
- 2018: Revenue of $567K, expenses of $533K, and assets of $1.8M (revenue -7.6% year-over-year).
- 2017: Revenue of $614K, expenses of $504K, and assets of $1.9M (revenue +10.1% year-over-year).
- 2016: Revenue of $558K, expenses of $537K, and assets of $1.9M (revenue +2.3% year-over-year).
- 2015: Revenue of $545K, expenses of $572K, and assets of $1.9M (revenue +2.4% year-over-year).
- 2014: Revenue of $533K, expenses of $586K, and assets of $2.0M (revenue -11.3% year-over-year).
- 2013: Revenue of $601K, expenses of $618K, and assets of $2.1M (revenue +7.6% year-over-year).
- 2012: Revenue of $558K, expenses of $606K, and assets of $2.1M (revenue -9.1% year-over-year).
- 2011: Revenue of $614K, expenses of $578K, and assets of $2.1M (revenue -38.5% year-over-year).
- 2010: Revenue of $997K, expenses of $586K, and assets of $2.0M (revenue +71.7% year-over-year).
- 2009: Revenue of $581K, expenses of $632K, and assets of $1.6M (revenue +19.4% year-over-year).
- 2008: Revenue of $487K, expenses of $600K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Over The Rainbow Unit Ii:
Data Sources and Methodology
This transparency report for Over The Rainbow Unit Ii 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.