Rainbow House
EIN: 50468987 · Cranston, RI · NTEE: F34Z
| Metric | Value |
|---|---|
| Total Expenses | $28K |
| Net Assets | $43K |
Is Rainbow House Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainbow House
Rainbow House (EIN: 50468987) is a nonprofit organization based in Cranston, RI, classified under NTEE code F34Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow House is a micro nonprofit that has been operating for 32 years.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $28K |
| Surplus / Deficit | +$34K |
| Total Assets | $286K |
| Total Liabilities | $242K |
| Net Assets | $43K |
| Operating Margin | 54.2% |
| Debt-to-Asset Ratio | 84.8% |
| Months of Reserves | 120.5 months |
Financial Health Grade: A
In 2020, Rainbow House reported a surplus of $34K with revenue exceeding expenses, holds 120.5 months of operating reserves (strong position), has a debt-to-asset ratio of 84.8% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow House 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 House 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.8%.
Frequently Asked Questions about Rainbow House
Is Rainbow House a legitimate charity?
Rainbow House (EIN: 50468987) is a registered tax-exempt nonprofit based in Rhode Island. No red flags identified. Financial health grade: A.
How does Rainbow House spend its money?
Rainbow House reported its financials in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rainbow House tax-deductible?
Rainbow House is registered as a tax-exempt nonprofit (EIN: 50468987). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow House located?
Rainbow House is headquartered in Cranston, Rhode Island and files with the IRS under EIN 50468987. It is classified under NTEE code F34Z.
Filing History
IRS 990 filing history for Rainbow House showing financial trends over 1 year of public records:
In its most recent filing year (2020), Rainbow House reported a surplus of $34K, with revenue exceeding expenses. The organization holds $242K in liabilities against $286K in assets (debt-to-asset ratio: 84.8%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $62K | $28K | $286K | $242K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow House:
Data Sources and Methodology
This transparency report for Rainbow House 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.