Rainbow Child Learning Center Inc
EIN: 473637113 · Washington, DC · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $419K |
| Net Assets | $221K |
Is Rainbow Child Learning Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainbow Child Learning Center Inc
Rainbow Child Learning Center Inc (EIN: 473637113) is a nonprofit organization based in Washington, DC, classified under NTEE code B21. The organization reported total revenue of $126K and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Child Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Child Learning Center Inc is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $419K |
| Surplus / Deficit | $-293,328 |
| Total Assets | $270K |
| Total Liabilities | $49K |
| Net Assets | $221K |
| Operating Margin | -232.7% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2022, Rainbow Child Learning Center Inc reported a deficit of $293K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2022), Rainbow Child Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -70.3% | +103.5% | -47.4% |
| 2021 | -19.4% | -35.7% | +61.7% |
| 2020 | +343.1% | +73.2% | +1356.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Child Learning Center Inc 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 Rainbow Child Learning Center Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $293K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.3%.
Frequently Asked Questions about Rainbow Child Learning Center Inc
Is Rainbow Child Learning Center Inc a legitimate charity?
Rainbow Child Learning Center Inc (EIN: 473637113) is a registered tax-exempt nonprofit based in Washington DC. It has 4 years of IRS 990 filings on record. Total revenue: $126K. No red flags identified. Financial health grade: B.
How does Rainbow Child Learning Center Inc spend its money?
Rainbow Child Learning Center Inc reported $126K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rainbow Child Learning Center Inc tax-deductible?
Rainbow Child Learning Center Inc is registered as a tax-exempt nonprofit (EIN: 473637113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow Child Learning Center Inc located?
Rainbow Child Learning Center Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 473637113. It is classified under NTEE code B21.
How many years of IRS 990 filings does Rainbow Child Learning Center Inc have?
Rainbow Child Learning Center Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $126K in total revenue.
Filing History
IRS 990 filing history for Rainbow Child Learning Center Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Rainbow Child Learning Center Inc's revenue has grown by 6%, moving from $119K to $126K. Total assets increased by 1138.5% over the same period, from $22K to $270K. Total functional expenses rose by 126.5%, from $185K to $419K. In its most recent filing year (2022), Rainbow Child Learning Center Inc reported a deficit of $293K, with expenses exceeding revenue. The organization holds $49K in liabilities against $270K in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $126K | $419K | $270K | $49K | — | — |
| 2021 | $425K | $206K | $514K | $47K | — | View 990 |
| 2020 | $527K | $321K | $318K | $69K | — | — |
| 2019 | $119K | $185K | $22K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $126K, expenses of $419K, and assets of $270K (revenue -70.3% year-over-year).
- 2021: Revenue of $425K, expenses of $206K, and assets of $514K (revenue -19.4% year-over-year).
- 2020: Revenue of $527K, expenses of $321K, and assets of $318K (revenue +343.1% year-over-year).
- 2019: Revenue of $119K, expenses of $185K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Child Learning Center Inc:
Data Sources and Methodology
This transparency report for Rainbow Child Learning Center Inc 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.