Rainbow Of Hope Foundation Inc
EIN: 341550591 · Mount Hope, OH · NTEE: E83Z
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Net Assets | $879K |
Is Rainbow Of Hope Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainbow Of Hope Foundation Inc
Rainbow Of Hope Foundation Inc (EIN: 341550591) is a nonprofit organization based in Mount Hope, OH, classified under NTEE code E83Z. The organization reported total revenue of $1.2M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Of Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Of Hope Foundation Inc is a mid-size nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-48,246 |
| Total Assets | $879K |
| Net Assets | $879K |
| Operating Margin | -3.8% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2024, Rainbow Of Hope Foundation Inc reported a deficit of $48K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Rainbow Of Hope Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.7% | +15.5% | -5.2% |
| 2023 | +22.3% | -24.8% | +0.6% |
| 2022 | +7.5% | +149.6% | -38.9% |
| 2021 | +22.4% | +138.2% | +21.5% |
| 2020 | +12.3% | -50.9% | +59.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Of Hope Foundation Inc 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 Of Hope Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
Frequently Asked Questions about Rainbow Of Hope Foundation Inc
Is Rainbow Of Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Of Hope Foundation Inc (EIN: 341550591) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rainbow Of Hope Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Rainbow Of Hope Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Rainbow Of Hope Foundation Inc tax-deductible?
Rainbow Of Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 341550591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow Of Hope Foundation Inc located?
Rainbow Of Hope Foundation Inc is headquartered in Mount Hope, Ohio and files with the IRS under EIN 341550591. It is classified under NTEE code E83Z.
How many years of IRS 990 filings does Rainbow Of Hope Foundation Inc have?
Rainbow Of Hope Foundation Inc has 14 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Rainbow Of Hope Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Rainbow Of Hope Foundation Inc's revenue has grown by 142.7%, moving from $528K to $1.3M. Total assets increased by 55.4% over the same period, from $566K to $879K. Total functional expenses rose by 148.9%, from $535K to $1.3M. In its most recent filing year (2024), Rainbow Of Hope Foundation Inc reported a deficit of $48K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.3M | $1.3M | $879K | $0 | — | View 990 |
| 2023 | $1.2M | $1.2M | $928K | $0 | — | View 990 |
| 2022 | $947K | $1.5M | $922K | $0 | — | View 990 |
| 2021 | $881K | $614K | $1.5M | $0 | — | — |
| 2020 | $719K | $258K | $1.2M | $0 | — | View 990 |
| 2019 | $641K | $525K | $779K | $0 | — | View 990 |
| 2018 | $980K | $1.1M | $664K | $0 | — | View 990 |
| 2017 | $877K | $762K | $739K | $0 | — | View 990 |
| 2016 | $863K | $813K | $624K | $0 | — | View 990 |
| 2015 | $800K | $1.0M | $573K | $0 | — | View 990 |
| 2014 | $790K | $530K | $818K | $0 | — | View 990 |
| 2013 | $803K | $793K | $558K | $0 | — | View 990 |
| 2012 | $806K | $824K | $548K | $0 | — | View 990 |
| 2011 | $528K | $535K | $566K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.3M, expenses of $1.3M, and assets of $879K (revenue +10.7% year-over-year).
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $928K (revenue +22.3% year-over-year).
- 2022: Revenue of $947K, expenses of $1.5M, and assets of $922K (revenue +7.5% year-over-year).
- 2021: Revenue of $881K, expenses of $614K, and assets of $1.5M (revenue +22.4% year-over-year).
- 2020: Revenue of $719K, expenses of $258K, and assets of $1.2M (revenue +12.3% year-over-year).
- 2019: Revenue of $641K, expenses of $525K, and assets of $779K (revenue -34.6% year-over-year).
- 2018: Revenue of $980K, expenses of $1.1M, and assets of $664K (revenue +11.7% year-over-year).
- 2017: Revenue of $877K, expenses of $762K, and assets of $739K (revenue +1.6% year-over-year).
- 2016: Revenue of $863K, expenses of $813K, and assets of $624K (revenue +7.9% year-over-year).
- 2015: Revenue of $800K, expenses of $1.0M, and assets of $573K (revenue +1.2% year-over-year).
- 2014: Revenue of $790K, expenses of $530K, and assets of $818K (revenue -1.5% year-over-year).
- 2013: Revenue of $803K, expenses of $793K, and assets of $558K (revenue -0.4% year-over-year).
- 2012: Revenue of $806K, expenses of $824K, and assets of $548K (revenue +52.5% year-over-year).
- 2011: Revenue of $528K, expenses of $535K, and assets of $566K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Of Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Rainbow Of Hope Foundation 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.