Rainbow Families Dc
Rainbow Families DC shows consistent revenue growth and strong financial health with no reported officer compensation.
EIN: 205149640 · Washington, DC · NTEE: R26 · Updated: 2026-03-28
Is Rainbow Families Dc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rainbow Families Dc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rainbow Families Dc
Rainbow Families Dc (EIN: 205149640) is a nonprofit organization based in Washington, DC, classified under NTEE code R26. The organization reported total revenue of $148K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Families Dc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Families Dc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 19.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $250K |
| Total Expenses | $217K |
| Surplus / Deficit | +$33K |
| Total Assets | $253K |
| Total Liabilities | $5K |
| Net Assets | $248K |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 14.0 months |
Financial Health Grade: A
In 2023, Rainbow Families Dc reported a surplus of $33K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Rainbow Families Dc's revenue has grown at a compound annual growth rate (CAGR) of 19.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | -3.5% | +15.2% |
| 2022 | +9.0% | +21.4% | +10.8% |
| 2021 | +44.8% | +31.6% | +38.6% |
| 2020 | +30.6% | +24.4% | +27.6% |
| 2019 | +32.9% | +13.2% | +9.0% |
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 Rainbow Families Dc with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, Rainbow Families Dc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for a nonprofit of its size (latest revenue $148,277).
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.
Strengths
The following positive indicators were identified for Rainbow Families Dc:
- Consistent revenue growth, from $25,929 in 2015 to $249,809 in 2023.
- Strong asset base relative to liabilities (e.g., $253,222 assets vs. $5,438 liabilities in 2023).
- 0% reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
- Expenses consistently managed below revenue, allowing for asset accumulation.
- Positive net assets growth over the past decade.
Frequently Asked Questions about Rainbow Families Dc
Is Rainbow Families Dc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Families Dc (EIN: 205149640) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Rainbow Families Dc spend its money?
Rainbow Families Dc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rainbow Families Dc tax-deductible?
Rainbow Families Dc is registered as a tax-exempt nonprofit (EIN: 205149640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Rainbow Families DC a good charity?
Based on its financial data, Rainbow Families DC appears to be a good charity. It demonstrates consistent revenue growth, healthy asset-to-liability ratios, and a notable 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Rainbow Families DC's revenue changed over time?
Rainbow Families DC has experienced significant revenue growth, increasing from $25,929 in 2015 to $249,809 in 2023, indicating a strong upward trend in financial support.
What is Rainbow Families DC's financial stability?
The organization shows strong financial stability, with assets consistently exceeding liabilities. In 2023, assets were $253,222 against liabilities of $5,438, demonstrating a healthy financial position.
Filing History
IRS 990 filing history for Rainbow Families Dc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Rainbow Families Dc's revenue has grown by 514.5%, moving from $41K to $250K. Total assets increased by 669.4% over the same period, from $33K to $253K. Total functional expenses rose by 377.2%, from $45K to $217K. In its most recent filing year (2023), Rainbow Families Dc reported a surplus of $33K, with revenue exceeding expenses. The organization holds $5K in liabilities against $253K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $248K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $250K | $217K | $253K | $5K | — | — |
| 2022 | $256K | $225K | $220K | $5K | — | — |
| 2021 | $235K | $185K | $198K | $15K | — | View 990 |
| 2020 | $162K | $141K | $143K | $13K | — | View 990 |
| 2019 | $124K | $113K | $112K | $3K | — | View 990 |
| 2018 | $93K | $100K | $103K | $5K | — | View 990 |
| 2017 | $47K | $50K | $106K | $2K | — | View 990 |
| 2016 | $97K | $66K | $114K | $7K | — | View 990 |
| 2015 | $26K | $25K | $82K | $6K | — | View 990 |
| 2014 | $105K | $57K | $82K | $6K | — | View 990 |
| 2013 | $41K | $45K | $33K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $250K, expenses of $217K, and assets of $253K (revenue -2.4% year-over-year).
- 2022: Revenue of $256K, expenses of $225K, and assets of $220K (revenue +9.0% year-over-year).
- 2021: Revenue of $235K, expenses of $185K, and assets of $198K (revenue +44.8% year-over-year).
- 2020: Revenue of $162K, expenses of $141K, and assets of $143K (revenue +30.6% year-over-year).
- 2019: Revenue of $124K, expenses of $113K, and assets of $112K (revenue +32.9% year-over-year).
- 2018: Revenue of $93K, expenses of $100K, and assets of $103K (revenue +99.6% year-over-year).
- 2017: Revenue of $47K, expenses of $50K, and assets of $106K (revenue -51.6% year-over-year).
- 2016: Revenue of $97K, expenses of $66K, and assets of $114K (revenue +272.7% year-over-year).
- 2015: Revenue of $26K, expenses of $25K, and assets of $82K (revenue -75.4% year-over-year).
- 2014: Revenue of $105K, expenses of $57K, and assets of $82K (revenue +158.9% year-over-year).
- 2013: Revenue of $41K, expenses of $45K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Families Dc:
Data Sources and Methodology
This transparency report for Rainbow Families Dc 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.