Rainbow Pride Of West Virginia Inc
EIN: 550776628 · Charleston, WV · NTEE: N52
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $98K |
| Net Assets | $34K |
Is Rainbow Pride Of West Virginia 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 Pride Of West Virginia Inc
Rainbow Pride Of West Virginia Inc (EIN: 550776628) is a nonprofit organization based in Charleston, WV, classified under NTEE code N52. The organization reported total revenue of $102K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Pride Of West Virginia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Pride Of West Virginia Inc is a small nonprofit that has been operating for 20 years, with 2 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $98K |
| Surplus / Deficit | $-10,579 |
| Total Assets | $43K |
| Total Liabilities | $10K |
| Net Assets | $34K |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 22.2% |
| Months of Reserves | 5.3 months |
Financial Health Grade: B
In 2022, Rainbow Pride Of West Virginia Inc reported a deficit of $11K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 22.2% (moderate leverage).
Financial Trends
Over 2 years of filings (2014–2022), Rainbow Pride Of West Virginia Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +265.8% | +338.6% | +801.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Pride Of West Virginia 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 Pride Of West Virginia 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.2%.
Frequently Asked Questions about Rainbow Pride Of West Virginia Inc
Is Rainbow Pride Of West Virginia Inc a legitimate charity?
Rainbow Pride Of West Virginia Inc (EIN: 550776628) is a registered tax-exempt nonprofit based in West Virginia. It has 2 years of IRS 990 filings on record. Total revenue: $102K. No red flags identified. Financial health grade: B.
How does Rainbow Pride Of West Virginia Inc spend its money?
Rainbow Pride Of West Virginia Inc reported $102K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rainbow Pride Of West Virginia Inc tax-deductible?
Rainbow Pride Of West Virginia Inc is registered as a tax-exempt nonprofit (EIN: 550776628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rainbow Pride Of West Virginia Inc located?
Rainbow Pride Of West Virginia Inc is headquartered in Charleston, West Virginia and files with the IRS under EIN 550776628. It is classified under NTEE code N52.
How many years of IRS 990 filings does Rainbow Pride Of West Virginia Inc have?
Rainbow Pride Of West Virginia Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $102K in total revenue.
Filing History
IRS 990 filing history for Rainbow Pride Of West Virginia Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2014–2022), Rainbow Pride Of West Virginia Inc's revenue has grown by 265.8%, moving from $24K to $88K. Total assets increased by 801.5% over the same period, from $5K to $43K. Total functional expenses rose by 338.6%, from $22K to $98K. In its most recent filing year (2022), Rainbow Pride Of West Virginia Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $10K in liabilities against $43K in assets (debt-to-asset ratio: 22.2%), resulting in net assets of $34K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $88K | $98K | $43K | $10K | — | — |
| 2014 | $24K | $22K | $5K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbow Pride Of West Virginia Inc:
Data Sources and Methodology
This transparency report for Rainbow Pride Of West Virginia 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.