Rainbows Of Learning Inc
Rainbows Of Learning Inc: Consistent Revenue, High Liabilities, and Unclear Spending
EIN: 221900909 · Augusta, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 65/100 |
Is Rainbows Of Learning Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rainbows Of Learning Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rainbows Of Learning Inc
Rainbows Of Learning Inc (EIN: 221900909) is a nonprofit organization based in Augusta, NJ. The organization reported total revenue of $1.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rainbows Of Learning Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rainbows Of Learning Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$106K |
| Total Assets | $2.2M |
| Total Liabilities | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 23.2 months |
Financial Health Grade: A
In 2023, Rainbows Of Learning Inc reported a surplus of $106K with revenue exceeding expenses, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rainbows Of Learning Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +7.6% | +4.1% |
| 2022 | +14.5% | +23.1% | +5.2% |
| 2021 | +46.5% | +6.2% | +3.4% |
| 2020 | -16.2% | +4.3% | -2.7% |
| 2019 | +15.3% | +15.6% | +24.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rainbows Of Learning Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rainbows Of Learning Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data from Form 990 filings, as the provided data does not include this information.
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 Rainbows Of Learning Inc's IRS 990 filings:
- Liabilities consistently exceed assets in recent years (e.g., 202308: assets $2,189,881 vs. liabilities $1,115,150, but 202208: assets $2,104,441 vs. liabilities $1,135,546, and 202108: assets $1,999,615 vs. liabilities $1,222,945), indicating potential financial strain or reliance on debt.
- The 'nt' (nonprofit type) field is missing, which is crucial for understanding the organization's mission and operational context.
- The provided financial data lacks a detailed breakdown of expenses, making it impossible to accurately calculate spending percentages for programs, administration, and fundraising.
Strengths
The following positive indicators were identified for Rainbows Of Learning Inc:
- The organization has demonstrated consistent revenue generation over the past several years, with revenue generally increasing from $708,527 in 2017 to $1,236,585 in 2023.
- Total assets have shown a general upward trend, from $1,595,163 in 2017 to $2,189,881 in 2023, indicating growth in resources.
Frequently Asked Questions about Rainbows Of Learning Inc
Is Rainbows Of Learning Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rainbows Of Learning Inc (EIN: 221900909) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Rainbows Of Learning Inc spend its money?
Rainbows Of Learning Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rainbows Of Learning Inc tax-deductible?
Rainbows Of Learning Inc is registered as a tax-exempt nonprofit (EIN: 221900909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rainbows Of Learning Inc's spending goes to programs?
Rainbows Of Learning Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Rainbows Of Learning Inc located?
Rainbows Of Learning Inc is headquartered in Augusta, New Jersey and files with the IRS under EIN 221900909.
How many years of IRS 990 filings does Rainbows Of Learning Inc have?
Rainbows Of Learning Inc 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 $1.3M in total revenue.
What does Rainbows Of Learning Inc do?
Rainbows Of Learning Inc is a nonprofit organization in the Unknown sector, located in Augusta, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Rainbows Of Learning Inc have?
Rainbows Of Learning Inc reported total revenue of $1,283,481. Based on 13 IRS 990 filings on record.
What are Rainbows Of Learning Inc's total assets?
Rainbows Of Learning Inc holds total assets of $2,083,393 as reported in IRS 990 filings.
Where is Rainbows Of Learning Inc located?
Rainbows Of Learning Inc is based in Augusta, New Jersey.
What is Rainbows Of Learning Inc's EIN?
Rainbows Of Learning Inc's Employer Identification Number (EIN) is 221900909. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rainbows Of Learning Inc?
Rainbows Of Learning Inc is classified under NTEE code Unknown (Unknown).
Is Rainbows Of Learning Inc a registered 501(c)(3)?
Rainbows Of Learning Inc appears in IRS records (EIN: 221900909). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Rainbows Of Learning Inc file IRS Form 990?
Yes, Rainbows Of Learning Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Rainbows Of Learning Inc's revenue in 2023?
In the 202308 filing period, Rainbows Of Learning Inc reported total revenue of $1,236,585, total expenses of $1,130,749, and net assets of $2,189,881.
Is Rainbows Of Learning Inc's revenue growing or declining?
Rainbows Of Learning Inc's revenue is relatively stable. Revenue went from $1,243,292 (202208) to $1,236,585 (202308), a -0.5% change. Based on 13 filings on record.
What is Rainbows Of Learning Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Rainbows Of Learning Inc covers tax period 202308. It shows revenue of $1,236,585, expenses of $1,130,749, total assets of $2,189,881, and liabilities of $1,115,150.
How much does Rainbows Of Learning Inc spend on programs vs administration?
Based on IRS 990 analysis, Rainbows Of Learning Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Rainbows Of Learning Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Rainbows Of Learning Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Rainbows Of Learning Inc?
The following concerns were identified: Liabilities consistently exceed assets in recent years (e.g., 202308: assets $2,189,881 vs. liabilities $1,115,150, but 202208: assets $2,104,441 vs. liabilities $1,135,546, and 202108: assets $1,999,615 vs. liabilities $1,222,945), indicating potential financial strain or reliance on debt.. The 'nt' (nonprofit type) field is missing, which is crucial for understanding the organization's mission and operational context.. The provided financial data lacks a detailed breakdown of expenses, making it impossible to accurately calculate spending percentages for programs, administration, and fundraising.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rainbows Of Learning Inc's strengths?
Positive indicators for Rainbows Of Learning Inc include: The organization has demonstrated consistent revenue generation over the past several years, with revenue generally increasing from $708,527 in 2017 to $1,236,585 in 2023.. Total assets have shown a general upward trend, from $1,595,163 in 2017 to $2,189,881 in 2023, indicating growth in resources.. These findings are derived from AI analysis of the organization's financial filings.
How does Rainbows Of Learning Inc compensate executives?
Executive compensation cannot be assessed without specific data from Form 990 filings, as the provided data does not include this information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, what is driving the persistent high liabilities relative to assets in some years, and what is the organization's strategy for managing this financial structure?
Without detailed financial statements, it's difficult to pinpoint the exact drivers. High liabilities could stem from long-term debt, deferred revenue, or specific operational funding models. The organization would need to clarify its liability management strategy to ensure long-term financial stability.
How does Rainbows Of Learning Inc measure and report the impact of its programs, especially considering the lack of detailed expense breakdowns in the provided data?
The provided data does not offer insights into program impact metrics. To assess effectiveness, the organization would need to provide qualitative and quantitative data on its program outcomes, beneficiary reach, and how it allocates its 'expenses' (e.g., $1,130,749 in 2023) to achieve these results.
Filing History
IRS 990 filing history for Rainbows Of Learning Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rainbows Of Learning Inc's revenue has grown by 172.5%, moving from $454K to $1.2M. Total assets increased by 42.7% over the same period, from $1.5M to $2.2M. Total functional expenses rose by 158.8%, from $437K to $1.1M. In its most recent filing year (2023), Rainbows Of Learning Inc reported a surplus of $106K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $2.2M in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $2.2M | $1.1M | — | View 990 |
| 2022 | $1.2M | $1.1M | $2.1M | $1.1M | — | View 990 |
| 2021 | $1.1M | $854K | $2.0M | $1.2M | — | View 990 |
| 2020 | $741K | $804K | $1.9M | $1.4M | — | View 990 |
| 2019 | $884K | $771K | $2.0M | $1.4M | — | View 990 |
| 2018 | $767K | $667K | $1.6M | $1.1M | — | View 990 |
| 2017 | $709K | $621K | $1.6M | $1.2M | — | View 990 |
| 2016 | $742K | $603K | $1.6M | $1.3M | — | View 990 |
| 2015 | $491K | $449K | $1.5M | $1.3M | — | View 990 |
| 2014 | $538K | $482K | $1.5M | $1.4M | — | View 990 |
| 2013 | $470K | $419K | $1.5M | $1.5M | — | View 990 |
| 2012 | $366K | $379K | $1.5M | $1.5M | — | View 990 |
| 2011 | $454K | $437K | $1.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $2.2M (revenue -0.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $2.1M (revenue +14.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $854K, and assets of $2.0M (revenue +46.5% year-over-year).
- 2020: Revenue of $741K, expenses of $804K, and assets of $1.9M (revenue -16.2% year-over-year).
- 2019: Revenue of $884K, expenses of $771K, and assets of $2.0M (revenue +15.3% year-over-year).
- 2018: Revenue of $767K, expenses of $667K, and assets of $1.6M (revenue +8.3% year-over-year).
- 2017: Revenue of $709K, expenses of $621K, and assets of $1.6M (revenue -4.6% year-over-year).
- 2016: Revenue of $742K, expenses of $603K, and assets of $1.6M (revenue +51.3% year-over-year).
- 2015: Revenue of $491K, expenses of $449K, and assets of $1.5M (revenue -8.8% year-over-year).
- 2014: Revenue of $538K, expenses of $482K, and assets of $1.5M (revenue +14.5% year-over-year).
- 2013: Revenue of $470K, expenses of $419K, and assets of $1.5M (revenue +28.3% year-over-year).
- 2012: Revenue of $366K, expenses of $379K, and assets of $1.5M (revenue -19.3% year-over-year).
- 2011: Revenue of $454K, expenses of $437K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rainbows Of Learning Inc:
Data Sources and Methodology
This transparency report for Rainbows Of Learning 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.