Rainbow Productions
EIN: 521262478 · Hampton, VA · NTEE: A650
Is Rainbow Productions Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rainbow Productions
Rainbow Productions (EIN: 521262478) is a nonprofit organization based in Hampton, VA, classified under NTEE code A650. The organization reported total revenue of $303K and total assets of $67K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbow Productions's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbow Productions is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $303K |
| Total Expenses | $307K |
| Surplus / Deficit | $-3,752 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -1.2% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2023, Rainbow Productions reported a deficit of $4K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Rainbow Productions's revenue has grown at a compound annual growth rate (CAGR) of 19.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +9.8% | -2.4% |
| 2022 | +8.1% | +19.1% | -19.6% |
| 2021 | -3.6% | +5.2% | +14.0% |
| 2020 | +7.1% | -6.6% | +147.7% |
| 2019 | +100.0% | +122.9% | -18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rainbow Productions 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 Productions 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 $4K, with expenses exceeding revenue.
Frequently Asked Questions about Rainbow Productions
Is Rainbow Productions a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbow Productions (EIN: 521262478) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rainbow Productions spend its money?
Detailed spending breakdown data is not yet available for Rainbow Productions. Check back for updated IRS 990 analysis.
Are donations to Rainbow Productions tax-deductible?
Rainbow Productions is registered as a tax-exempt nonprofit (EIN: 521262478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Rainbow Productions showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbow Productions's revenue has grown by 754.9%, moving from $35K to $303K. Total assets increased by 268.4% over the same period, from $11K to $42K. Total functional expenses rose by 727.1%, from $37K to $307K. In its most recent filing year (2023), Rainbow Productions reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $303K | $307K | $42K | $0 | — | View 990 |
| 2022 | $262K | $280K | $43K | $0 | — | View 990 |
| 2021 | $242K | $235K | $54K | $0 | — | View 990 |
| 2020 | $251K | $223K | $47K | $0 | — | — |
| 2019 | $235K | $239K | $19K | $0 | — | View 990 |
| 2018 | $117K | $107K | $23K | $0 | — | View 990 |
| 2017 | $48K | $49K | $13K | $0 | — | View 990 |
| 2016 | $43K | $44K | $14K | $0 | — | View 990 |
| 2015 | $57K | $61K | $14K | $0 | — | View 990 |
| 2014 | $58K | $51K | $18K | $0 | — | View 990 |
| 2013 | $30K | $34K | $11K | $0 | — | View 990 |
| 2012 | $33K | $29K | $15K | $0 | — | View 990 |
| 2011 | $35K | $37K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $303K, expenses of $307K, and assets of $42K (revenue +15.8% year-over-year).
- 2022: Revenue of $262K, expenses of $280K, and assets of $43K (revenue +8.1% year-over-year).
- 2021: Revenue of $242K, expenses of $235K, and assets of $54K (revenue -3.6% year-over-year).
- 2020: Revenue of $251K, expenses of $223K, and assets of $47K (revenue +7.1% year-over-year).
- 2019: Revenue of $235K, expenses of $239K, and assets of $19K (revenue +100.0% year-over-year).
- 2018: Revenue of $117K, expenses of $107K, and assets of $23K (revenue +142.4% year-over-year).
- 2017: Revenue of $48K, expenses of $49K, and assets of $13K (revenue +11.5% year-over-year).
- 2016: Revenue of $43K, expenses of $44K, and assets of $14K (revenue -23.4% year-over-year).
- 2015: Revenue of $57K, expenses of $61K, and assets of $14K (revenue -1.9% year-over-year).
- 2014: Revenue of $58K, expenses of $51K, and assets of $18K (revenue +94.1% year-over-year).
- 2013: Revenue of $30K, expenses of $34K, and assets of $11K (revenue -8.9% year-over-year).
- 2012: Revenue of $33K, expenses of $29K, and assets of $15K (revenue -7.9% year-over-year).
- 2011: Revenue of $35K, expenses of $37K, and assets of $11K.
Data Sources and Methodology
This transparency report for Rainbow Productions 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.