Rainbow Learning Enrichment Nfp
EIN: 264059542 · Kankakee, IL · NTEE: P33
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Net Assets | $368K |
Is Rainbow Learning Enrichment Nfp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainbow Learning Enrichment Nfp
Rainbow Learning Enrichment Nfp (EIN: 264059542) is a nonprofit organization based in Kankakee, IL, classified under NTEE code P33. The organization reported total revenue of $1.7M and total assets of $614K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Learning Enrichment Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Learning Enrichment Nfp is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-21,133 |
| Total Assets | $611K |
| Total Liabilities | $243K |
| Net Assets | $368K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 39.7% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Rainbow Learning Enrichment Nfp reported a deficit of $21K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 39.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rainbow Learning Enrichment Nfp's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +12.9% | +7.8% |
| 2022 | +10.5% | +22.0% | -16.5% |
| 2021 | +5.8% | +0.2% | +44.9% |
| 2020 | +1.4% | +16.3% | -23.7% |
| 2019 | +19.9% | +2.8% | +72.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Learning Enrichment Nfp 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 Learning Enrichment Nfp 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 $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.7%.
Frequently Asked Questions about Rainbow Learning Enrichment Nfp
Is Rainbow Learning Enrichment Nfp a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Learning Enrichment Nfp (EIN: 264059542) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rainbow Learning Enrichment Nfp spend its money?
Detailed spending breakdown data is not yet available for Rainbow Learning Enrichment Nfp. Check back for updated IRS 990 analysis.
Are donations to Rainbow Learning Enrichment Nfp tax-deductible?
Rainbow Learning Enrichment Nfp is registered as a tax-exempt nonprofit (EIN: 264059542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow Learning Enrichment Nfp located?
Rainbow Learning Enrichment Nfp is headquartered in Kankakee, Illinois and files with the IRS under EIN 264059542. It is classified under NTEE code P33.
How many years of IRS 990 filings does Rainbow Learning Enrichment Nfp have?
Rainbow Learning Enrichment Nfp 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Rainbow Learning Enrichment Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbow Learning Enrichment Nfp's revenue has grown by 139.4%, moving from $715K to $1.7M. Total assets increased by 154.6% over the same period, from $240K to $611K. Total functional expenses rose by 147.9%, from $699K to $1.7M. In its most recent filing year (2023), Rainbow Learning Enrichment Nfp reported a deficit of $21K, with expenses exceeding revenue. The organization holds $243K in liabilities against $611K in assets (debt-to-asset ratio: 39.7%), resulting in net assets of $368K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $611K | $243K | — | View 990 |
| 2022 | $1.5M | $1.5M | $567K | $174K | — | View 990 |
| 2021 | $1.3M | $1.3M | $679K | $226K | — | — |
| 2020 | $1.3M | $1.3M | $469K | $91K | — | View 990 |
| 2019 | $1.2M | $1.1M | $615K | $241K | — | View 990 |
| 2018 | $1.0M | $1.0M | $357K | $146K | — | View 990 |
| 2017 | $1.0M | $1000K | $461K | $236K | — | View 990 |
| 2016 | $916K | $933K | $241K | $53K | — | View 990 |
| 2015 | $1.0M | $1.0M | $267K | $61K | — | View 990 |
| 2014 | $946K | $1.0M | $223K | $26K | — | View 990 |
| 2013 | $1.1M | $1.1M | $292K | $35K | — | View 990 |
| 2012 | $1.1M | $1.0M | $294K | $10K | — | View 990 |
| 2011 | $715K | $699K | $240K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $611K (revenue +16.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $567K (revenue +10.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $679K (revenue +5.8% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $469K (revenue +1.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $615K (revenue +19.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $357K (revenue -0.1% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1000K, and assets of $461K (revenue +13.3% year-over-year).
- 2016: Revenue of $916K, expenses of $933K, and assets of $241K (revenue -11.1% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $267K (revenue +8.9% year-over-year).
- 2014: Revenue of $946K, expenses of $1.0M, and assets of $223K (revenue -9.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $292K (revenue -3.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $294K (revenue +51.7% year-over-year).
- 2011: Revenue of $715K, expenses of $699K, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Learning Enrichment Nfp:
Data Sources and Methodology
This transparency report for Rainbow Learning Enrichment Nfp 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.