Rainbow Days Inc
EIN: 751844908 · Dallas, TX · NTEE: F20Z
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.9M |
| Net Assets | $866K |
Is Rainbow Days 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 Days Inc
Rainbow Days Inc (EIN: 751844908) is a nonprofit organization based in Dallas, TX, classified under NTEE code F20Z. The organization reported total revenue of $2.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Days Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Days Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-88,698 |
| Total Assets | $1.2M |
| Total Liabilities | $381K |
| Net Assets | $866K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 30.5% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Rainbow Days Inc reported a deficit of $89K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 30.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rainbow Days Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -0.9% | +20.6% |
| 2022 | +4.4% | +1.2% | -6.1% |
| 2021 | +3.1% | +-0.0% | -9.7% |
| 2020 | +19.1% | -3.0% | +11.0% |
| 2019 | -42.6% | -24.6% | -31.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Days 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 Days 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.5%.
Frequently Asked Questions about Rainbow Days Inc
Is Rainbow Days Inc a legitimate charity?
Rainbow Days Inc (EIN: 751844908) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: B.
How does Rainbow Days Inc spend its money?
Rainbow Days Inc reported $2.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rainbow Days Inc tax-deductible?
Rainbow Days Inc is registered as a tax-exempt nonprofit (EIN: 751844908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow Days Inc located?
Rainbow Days Inc is headquartered in Dallas, Texas and files with the IRS under EIN 751844908. It is classified under NTEE code F20Z.
How many years of IRS 990 filings does Rainbow Days Inc have?
Rainbow Days 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Rainbow Days Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbow Days Inc's revenue has declined by 1.4%, moving from $1.9M to $1.8M. Total assets increased by 7.1% over the same period, from $1.2M to $1.2M. Total functional expenses fell by 2.6%, from $2.0M to $1.9M. In its most recent filing year (2023), Rainbow Days Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $381K in liabilities against $1.2M in assets (debt-to-asset ratio: 30.5%), resulting in net assets of $866K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $1.2M | $381K | — | View 990 |
| 2022 | $2.0M | $1.9M | $1.0M | $69K | — | View 990 |
| 2021 | $1.9M | $1.9M | $1.1M | $97K | — | View 990 |
| 2020 | $1.9M | $1.9M | $1.2M | $256K | — | View 990 |
| 2019 | $1.6M | $2.0M | $1.1M | $62K | — | View 990 |
| 2018 | $2.7M | $2.6M | $1.6M | $141K | — | View 990 |
| 2017 | $2.6M | $2.0M | $1.4M | $64K | — | View 990 |
| 2016 | $1.9M | $2.0M | $866K | $70K | — | View 990 |
| 2015 | $1.8M | $1.8M | $852K | $59K | — | View 990 |
| 2014 | $1.9M | $1.9M | $861K | $50K | — | View 990 |
| 2013 | $1.8M | $1.9M | $788K | $22K | — | View 990 |
| 2012 | $1.7M | $1.9M | $967K | $69K | — | View 990 |
| 2011 | $1.9M | $2.0M | $1.2M | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $1.2M (revenue -8.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $1.0M (revenue +4.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $1.1M (revenue +3.1% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $1.2M (revenue +19.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $2.0M, and assets of $1.1M (revenue -42.6% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.6M, and assets of $1.6M (revenue +5.8% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.0M, and assets of $1.4M (revenue +34.4% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.0M, and assets of $866K (revenue +5.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $852K (revenue -2.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $861K (revenue +6.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $788K (revenue +3.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.9M, and assets of $967K (revenue -8.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.0M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Days Inc:
Data Sources and Methodology
This transparency report for Rainbow Days 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.