Rainbow Lakes Community Club
Rainbow Lakes Community Club: Consistent Operations, Limited Growth
EIN: 221218740 · Denville, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $150K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $260K |
| Transparency Score | 65/100 |
Is Rainbow Lakes Community Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rainbow Lakes Community Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rainbow Lakes Community Club
Rainbow Lakes Community Club (EIN: 221218740) is a nonprofit organization based in Denville, NJ. The organization reported total revenue of $166K and total assets of $243K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Lakes Community Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Lakes Community Club is a small nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $150K |
| Surplus / Deficit | +$23K |
| Total Assets | $261K |
| Total Liabilities | $307 |
| Net Assets | $260K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 20.8 months |
Financial Health Grade: A
In 2023, Rainbow Lakes Community Club reported a surplus of $23K with revenue exceeding expenses, holds 20.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rainbow Lakes Community Club's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +2.7% | +9.7% |
| 2022 | +3.6% | +28.0% | +3.5% |
| 2021 | +5.8% | +-0.0% | +17.9% |
| 2020 | -0.4% | -10.2% | +15.5% |
| 2019 | -7.7% | +16.7% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1300 |
| IRS Ruling Date | 1942 |
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 Lakes Community Club with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Rainbow Lakes Community Club allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-run organization.
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 Lakes Community Club's IRS 990 filings:
- Revenue growth has been largely stagnant over the past five years, with 2023 revenue at $173,360 compared to $141,135 in 2019, suggesting limited expansion of programs or fundraising efforts.
Strengths
The following positive indicators were identified for Rainbow Lakes Community Club:
- The organization consistently maintains a healthy asset base, with assets growing from $168,559 in 2019 to $260,608 in 2023, demonstrating financial stability.
- Expenses are consistently managed below revenue, ensuring the organization operates within its means.
- The club's long operational history (data back to 2016) suggests a well-established community presence.
Frequently Asked Questions about Rainbow Lakes Community Club
Is Rainbow Lakes Community Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Lakes Community Club (EIN: 221218740) some concerns. Mission Score: 65/100. 1 red flag identified, 3 strengths noted.
How does Rainbow Lakes Community Club spend its money?
Rainbow Lakes Community Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rainbow Lakes Community Club tax-deductible?
Rainbow Lakes Community Club is registered as a tax-exempt nonprofit (EIN: 221218740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rainbow Lakes Community Club CEO make?
Rainbow Lakes Community Club's highest-compensated officer earns $0 annually. The organization reported $166K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rainbow Lakes Community Club's spending goes to programs?
Rainbow Lakes Community Club directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Rainbow Lakes Community Club located?
Rainbow Lakes Community Club is headquartered in Denville, New Jersey and files with the IRS under EIN 221218740.
How many years of IRS 990 filings does Rainbow Lakes Community Club have?
Rainbow Lakes Community Club 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 $166K in total revenue.
What does Rainbow Lakes Community Club do?
Rainbow Lakes Community Club is a nonprofit organization in the Unknown sector, located in Denville, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Rainbow Lakes Community Club have?
Rainbow Lakes Community Club reported total revenue of $166,380. Based on 13 IRS 990 filings on record.
What are Rainbow Lakes Community Club's total assets?
Rainbow Lakes Community Club holds total assets of $243,006 as reported in IRS 990 filings.
Where is Rainbow Lakes Community Club located?
Rainbow Lakes Community Club is based in Denville, New Jersey.
What is Rainbow Lakes Community Club's EIN?
Rainbow Lakes Community Club's Employer Identification Number (EIN) is 221218740. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rainbow Lakes Community Club?
Rainbow Lakes Community Club is classified under NTEE code Unknown (Unknown).
Is Rainbow Lakes Community Club a registered 501(c)(3)?
Rainbow Lakes Community Club appears in IRS records (EIN: 221218740). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Rainbow Lakes Community Club file IRS Form 990?
Yes, Rainbow Lakes Community Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Rainbow Lakes Community Club's revenue in 2023?
In the 202312 filing period, Rainbow Lakes Community Club reported total revenue of $173,360, total expenses of $150,168, and net assets of $260,608.
Is Rainbow Lakes Community Club's revenue growing or declining?
Rainbow Lakes Community Club's revenue is growing. Revenue went from $154,133 (202212) to $173,360 (202312), a +12.5% change. Based on 13 filings on record.
What is Rainbow Lakes Community Club's most recent 990 filing?
The most recent IRS Form 990 filing for Rainbow Lakes Community Club covers tax period 202312. It shows revenue of $173,360, expenses of $150,168, total assets of $260,608, and liabilities of $307.
How much does Rainbow Lakes Community Club spend on programs vs administration?
Based on IRS 990 analysis, Rainbow Lakes Community Club allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Rainbow Lakes Community Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Rainbow Lakes Community Club shows mixed signals. Mission Score: 65/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Rainbow Lakes Community Club?
The following concerns were identified: Revenue growth has been largely stagnant over the past five years, with 2023 revenue at $173,360 compared to $141,135 in 2019, suggesting limited expansion of programs or fundraising efforts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rainbow Lakes Community Club's strengths?
Positive indicators for Rainbow Lakes Community Club include: The organization consistently maintains a healthy asset base, with assets growing from $168,559 in 2019 to $260,608 in 2023, demonstrating financial stability.. Expenses are consistently managed below revenue, ensuring the organization operates within its means.. The club's long operational history (data back to 2016) suggests a well-established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Rainbow Lakes Community Club compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-run organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization ensure leadership continuity and operational efficiency without paid staff?
The sustained operation and consistent financial reporting suggest a strong volunteer base and established internal processes. However, without further details on volunteer roles and succession planning, it's difficult to assess long-term leadership continuity.
What specific community programs or services does Rainbow Lakes Community Club provide, and how are these funded given the relatively stable revenue?
The provided data does not detail specific programs. The stable revenue suggests consistent funding sources, likely membership fees, local events, or small grants, which are sufficient to maintain current operations but not for significant expansion.
Filing History
IRS 990 filing history for Rainbow Lakes Community Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbow Lakes Community Club's revenue has grown by 95.6%, moving from $89K to $173K. Total assets increased by 162.5% over the same period, from $99K to $261K. Total functional expenses rose by 49.9%, from $100K to $150K. In its most recent filing year (2023), Rainbow Lakes Community Club reported a surplus of $23K, with revenue exceeding expenses. The organization holds $307 in liabilities against $261K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $260K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $150K | $261K | $307 | — | View 990 |
| 2022 | $154K | $146K | $237K | $388 | — | View 990 |
| 2021 | $149K | $114K | $229K | $269 | — | View 990 |
| 2020 | $141K | $114K | $195K | $45 | — | — |
| 2019 | $141K | $127K | $169K | $225 | — | View 990 |
| 2018 | $153K | $109K | $155K | $268 | — | View 990 |
| 2017 | $91K | $81K | $111K | $198 | — | View 990 |
| 2016 | $94K | $101K | $101K | $276 | — | View 990 |
| 2015 | $80K | $78K | $108K | $137 | — | View 990 |
| 2014 | $88K | $102K | $106K | $138 | — | View 990 |
| 2013 | $105K | $77K | $120K | $179 | — | View 990 |
| 2012 | $81K | $78K | $92K | $228 | — | View 990 |
| 2011 | $89K | $100K | $99K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $150K, and assets of $261K (revenue +12.5% year-over-year).
- 2022: Revenue of $154K, expenses of $146K, and assets of $237K (revenue +3.6% year-over-year).
- 2021: Revenue of $149K, expenses of $114K, and assets of $229K (revenue +5.8% year-over-year).
- 2020: Revenue of $141K, expenses of $114K, and assets of $195K (revenue -0.4% year-over-year).
- 2019: Revenue of $141K, expenses of $127K, and assets of $169K (revenue -7.7% year-over-year).
- 2018: Revenue of $153K, expenses of $109K, and assets of $155K (revenue +68.5% year-over-year).
- 2017: Revenue of $91K, expenses of $81K, and assets of $111K (revenue -3.4% year-over-year).
- 2016: Revenue of $94K, expenses of $101K, and assets of $101K (revenue +17.7% year-over-year).
- 2015: Revenue of $80K, expenses of $78K, and assets of $108K (revenue -9.2% year-over-year).
- 2014: Revenue of $88K, expenses of $102K, and assets of $106K (revenue -16.4% year-over-year).
- 2013: Revenue of $105K, expenses of $77K, and assets of $120K (revenue +28.9% year-over-year).
- 2012: Revenue of $81K, expenses of $78K, and assets of $92K (revenue -8.0% year-over-year).
- 2011: Revenue of $89K, expenses of $100K, and assets of $99K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Lakes Community Club:
Data Sources and Methodology
This transparency report for Rainbow Lakes Community Club 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.