Rainbow Community Development Center Inc
Rainbow Community Development Center Inc shows highly volatile revenue but consistent zero executive compensation and liabilities.
EIN: 200961637 · Silver Spring, MD · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $5.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $232K |
| Transparency Score | 90/100 |
Is Rainbow Community Development Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rainbow Community Development Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rainbow Community Development Center Inc
Rainbow Community Development Center Inc (EIN: 200961637) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code P20. The organization reported total revenue of $6.1M and total assets of $453K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Community Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Community Development Center Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-18,595 |
| Total Assets | $232K |
| Net Assets | $232K |
| Operating Margin | -0.3% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Rainbow Community Development Center Inc reported a deficit of $19K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Rainbow Community Development Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +221.3% | +1946.3% | -87.8% |
| 2022 | +0.0% | -84.8% | +416.7% |
| 2021 | -51.5% | -45.8% | -15.0% |
| 2020 | +340.0% | +359.4% | +182.9% |
| 2019 | +0.4% | -9.1% | +171.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Rainbow Community Development Center Inc with a Mission Score of 90 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Rainbow Community Development Center Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $19K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with revenues reaching nearly $6 million.
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 Rainbow Community Development Center Inc's IRS 990 filings:
- Highly volatile revenue and expense patterns, making long-term financial forecasting challenging.
- Significant drop in assets from $1,907,014 in 2022 to $232,468 in 2023, which could indicate a lack of consistent reserves.
Strengths
The following positive indicators were identified for Rainbow Community Development Center Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Zero liabilities reported across all available filings, demonstrating excellent financial management and solvency.
- Strong program focus implied by the absence of executive salaries and rapid expenditure of funds.
- Extensive filing history (13 filings) provides good transparency into financial trends.
Frequently Asked Questions about Rainbow Community Development Center Inc
Is Rainbow Community Development Center Inc a legitimate charity?
Rainbow Community Development Center Inc (EIN: 200961637) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.1M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Rainbow Community Development Center Inc spend its money?
Rainbow Community Development Center Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rainbow Community Development Center Inc tax-deductible?
Rainbow Community Development Center Inc is registered as a tax-exempt nonprofit (EIN: 200961637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rainbow Community Development Center Inc CEO make?
Rainbow Community Development Center Inc's highest-compensated officer earns $6 annually. The organization reported $6.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rainbow Community Development Center Inc's spending goes to programs?
Rainbow Community Development Center Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rainbow Community Development Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Rainbow Community Development Center Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rainbow Community Development Center Inc located?
Rainbow Community Development Center Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 200961637. It is classified under NTEE code P20.
How many years of IRS 990 filings does Rainbow Community Development Center Inc have?
Rainbow Community Development Center Inc has 13 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 $6.1M in total revenue.
How does Rainbow Community Development Center Inc manage its significant revenue fluctuations?
The organization experiences substantial year-over-year revenue changes, such as the jump from $1.8 million in 2022 to $5.8 million in 2023. This suggests a reliance on large, potentially one-time grants or project-based funding, which requires robust financial management to adapt to varying income levels.
What is the impact of zero officer compensation on the organization's operations?
The consistent reporting of 0% officer compensation indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990. This significantly reduces administrative overhead and allows more funds to be directed towards programs.
Are the organization's assets sufficient given its revenue levels?
Assets have fluctuated significantly, from a high of $1.9 million in 2022 to $232,468 in 2023. While the organization consistently reports zero liabilities, the relatively low asset base compared to its peak revenue suggests that funds are quickly expended on programs rather than accumulated as reserves.
Filing History
IRS 990 filing history for Rainbow Community Development Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbow Community Development Center Inc's revenue has grown by 4370.1%, moving from $131K to $5.9M. Total assets increased by 527% over the same period, from $37K to $232K. Total functional expenses rose by 4862.9%, from $119K to $5.9M. In its most recent filing year (2023), Rainbow Community Development Center Inc reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $5.9M | $232K | $0 | — | — |
| 2022 | $1.8M | $288K | $1.9M | $0 | — | View 990 |
| 2021 | $1.8M | $1.9M | $369K | $0 | — | View 990 |
| 2020 | $3.8M | $3.5M | $434K | $55 | — | View 990 |
| 2019 | $856K | $759K | $154K | $0 | — | View 990 |
| 2018 | $853K | $834K | $57K | $0 | — | View 990 |
| 2017 | $608K | $627K | $36K | $0 | — | View 990 |
| 2016 | $779K | $796K | $55K | $0 | — | View 990 |
| 2015 | $449K | $458K | $69K | $0 | — | View 990 |
| 2014 | $422K | $375K | $78K | $0 | — | View 990 |
| 2013 | $250K | $251K | $30K | $0 | — | View 990 |
| 2012 | $182K | $190K | $29K | $0 | — | View 990 |
| 2011 | $131K | $119K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $5.9M, and assets of $232K (revenue +221.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $288K, and assets of $1.9M (revenue +0.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $369K (revenue -51.5% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.5M, and assets of $434K (revenue +340.0% year-over-year).
- 2019: Revenue of $856K, expenses of $759K, and assets of $154K (revenue +0.4% year-over-year).
- 2018: Revenue of $853K, expenses of $834K, and assets of $57K (revenue +40.2% year-over-year).
- 2017: Revenue of $608K, expenses of $627K, and assets of $36K (revenue -22.0% year-over-year).
- 2016: Revenue of $779K, expenses of $796K, and assets of $55K (revenue +73.7% year-over-year).
- 2015: Revenue of $449K, expenses of $458K, and assets of $69K (revenue +6.4% year-over-year).
- 2014: Revenue of $422K, expenses of $375K, and assets of $78K (revenue +68.6% year-over-year).
- 2013: Revenue of $250K, expenses of $251K, and assets of $30K (revenue +37.6% year-over-year).
- 2012: Revenue of $182K, expenses of $190K, and assets of $29K (revenue +38.6% year-over-year).
- 2011: Revenue of $131K, expenses of $119K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Community Development Center Inc:
Data Sources and Methodology
This transparency report for Rainbow Community Development 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.