Rainbow Meadows Equine Rescue And Retirement Inc

Is Rainbow Meadows Equine Rescue And Retirement Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Rainbow Meadows Equine Rescue And Retirement Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Rainbow Meadows Equine Rescue And Retirement Inc

Rainbow Meadows Equine Rescue And Retirement Inc (EIN: 10844944) is a nonprofit organization based in Junction City, KS, classified under NTEE code D20. The organization reported total revenue of $521K and total assets of $865K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Meadows Equine Rescue And Retirement Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rainbow Meadows Equine Rescue And Retirement Inc with a Mission Score of 95 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Rainbow Meadows Equine Rescue And Retirement Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly commendable for an organization of its size with revenues ranging from $129,337 to $374,011.

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 Meadows Equine Rescue And Retirement Inc's IRS 990 filings:

• None apparent from the provided summary data.

Strengths

The following positive indicators were identified for Rainbow Meadows Equine Rescue And Retirement Inc:

• Consistent 0% officer compensation across all filings.
• Steady growth in assets over the past decade, from $121,479 in 2014 to $572,940 in 2023.
• Very low liabilities, often near zero, indicating strong financial stability.
• Consistent filing of IRS 990 forms for 13 periods, demonstrating transparency.
• Expenses generally managed well, often staying below or close to revenue.

Frequently Asked Questions about Rainbow Meadows Equine Rescue And Retirement Inc

Filing History

IRS 990 filing history for Rainbow Meadows Equine Rescue And Retirement Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Rainbow Meadows Equine Rescue And Retirement Inc's revenue has grown by 152.8%, moving from $101K to $254K. Total assets increased by 526.8% over the same period, from $91K to $573K. Total functional expenses rose by 193.8%, from $87K to $255K. In its most recent filing year (2023), Rainbow Meadows Equine Rescue And Retirement Inc reported a deficit of $159, with expenses exceeding revenue. The organization holds $1K in liabilities against $573K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $572K.

Year-by-Year Financial Summary

• 2023: Revenue of $254K, expenses of $255K, and assets of $573K (revenue -32.0% year-over-year).
• 2022: Revenue of $374K, expenses of $284K, and assets of $527K (revenue +89.6% year-over-year).
• 2021: Revenue of $197K, expenses of $153K, and assets of $457K (revenue -19.0% year-over-year).
• 2020: Revenue of $244K, expenses of $182K, and assets of $413K (revenue -12.4% year-over-year).
• 2019: Revenue of $278K, expenses of $180K, and assets of $353K (revenue +39.8% year-over-year).
• 2018: Revenue of $199K, expenses of $157K, and assets of $255K (revenue +20.7% year-over-year).
• 2017: Revenue of $165K, expenses of $153K, and assets of $213K (revenue +18.3% year-over-year).
• 2016: Revenue of $139K, expenses of $137K, and assets of $206K (revenue -36.3% year-over-year).
• 2015: Revenue of $219K, expenses of $140K, and assets of $202K (revenue +69.0% year-over-year).
• 2014: Revenue of $129K, expenses of $141K, and assets of $121K (revenue -6.7% year-over-year).
• 2013: Revenue of $139K, expenses of $118K, and assets of $132K (revenue -14.4% year-over-year).
• 2012: Revenue of $162K, expenses of $142K, and assets of $111K (revenue +61.0% year-over-year).
• 2011: Revenue of $101K, expenses of $87K, and assets of $91K.

Data Sources and Methodology

This transparency report for Rainbow Meadows Equine Rescue And Retirement 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.