Reeces Rainbow Inc
Reeces Rainbow Inc faces declining revenue despite strong asset base and zero executive compensation.
EIN: 205466141 · Combined Lcks, WI · NTEE: P31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $445K |
| Program Spending | 90% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Reeces Rainbow Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reeces Rainbow Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reeces Rainbow Inc
Reeces Rainbow Inc (EIN: 205466141) is a nonprofit organization based in Combined Lcks, WI, classified under NTEE code P31. The organization reported total revenue of $361K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reeces Rainbow Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reeces Rainbow Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $445K |
| Surplus / Deficit | $-49,499 |
| Total Assets | $2.2M |
| Net Assets | $2.2M |
| Operating Margin | -12.5% |
| Months of Reserves | 59.8 months |
Financial Health Grade: B
In 2023, Reeces Rainbow Inc reported a deficit of $49K with expenses exceeding revenue, holds 59.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Reeces Rainbow Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.5% | -32.9% | +4.9% |
| 2022 | -41.6% | -36.1% | -9.0% |
| 2021 | +2.8% | +32.1% | +10.7% |
| 2020 | -7.9% | -35.7% | +25.9% |
| 2019 | +1.1% | -15.4% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Reeces Rainbow Inc with a Mission Score of 85 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, Reeces Rainbow 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
Executive Compensation Analysis
Reeces Rainbow Inc reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue history and suggests a volunteer-led executive structure.
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 Reeces Rainbow Inc's IRS 990 filings:
- Significant and consistent decline in annual revenue over the past decade (from $2.6M in 2014 to $395K in 2023)
- Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2019, 2018, 2017, 2016, 2015), indicating operating deficits.
Strengths
The following positive indicators were identified for Reeces Rainbow Inc:
- Zero reported officer compensation across all filings, indicating high dedication and efficient use of funds.
- Strong and consistent asset base (e.g., $2,249,556 in latest filing) providing financial stability.
- Consistently low or zero liabilities, demonstrating excellent financial health and risk management.
- Clear and consistent mission focus, as implied by the NTEE code and lack of executive compensation.
Frequently Asked Questions about Reeces Rainbow Inc
Is Reeces Rainbow Inc a legitimate charity?
Reeces Rainbow Inc (EIN: 205466141) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $361K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Reeces Rainbow Inc spend its money?
Reeces Rainbow Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Reeces Rainbow Inc tax-deductible?
Reeces Rainbow Inc is registered as a tax-exempt nonprofit (EIN: 205466141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reeces Rainbow Inc's spending goes to programs?
Reeces Rainbow Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reeces Rainbow Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Reeces Rainbow Inc is above average for NTEE category P31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reeces Rainbow Inc located?
Reeces Rainbow Inc is headquartered in Combined Lcks, Wisconsin and files with the IRS under EIN 205466141. It is classified under NTEE code P31.
How many years of IRS 990 filings does Reeces Rainbow Inc have?
Reeces Rainbow 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 $361K in total revenue.
Is Reeces Rainbow Inc a good charity?
Based on the provided data, Reeces Rainbow Inc appears to be a good charity, particularly due to its zero officer compensation, strong asset base ($2,249,556), and clear mission focus. However, the significant decline in revenue over recent years is a concern for long-term sustainability.
What is the trend in Reeces Rainbow Inc's revenue?
Reeces Rainbow Inc has experienced a substantial downward trend in revenue, decreasing from a peak of $2,678,852 in 2014 to $395,751 in 2023.
How does Reeces Rainbow Inc manage its liabilities?
Reeces Rainbow Inc consistently maintains very low or zero liabilities across all reported periods, indicating excellent financial management and a strong balance sheet.
Filing History
IRS 990 filing history for Reeces Rainbow Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reeces Rainbow Inc's revenue has declined by 83.2%, moving from $2.4M to $396K. Total assets increased by 69.2% over the same period, from $1.3M to $2.2M. Total functional expenses fell by 77.9%, from $2.0M to $445K. In its most recent filing year (2023), Reeces Rainbow Inc reported a deficit of $49K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $396K | $445K | $2.2M | $0 | — | — |
| 2022 | $665K | $664K | $2.1M | $937 | — | View 990 |
| 2021 | $1.1M | $1.0M | $2.3M | $0 | — | View 990 |
| 2020 | $1.1M | $786K | $2.1M | $10 | — | — |
| 2019 | $1.2M | $1.2M | $1.7M | $0 | — | View 990 |
| 2018 | $1.2M | $1.4M | $1.5M | $33 | — | View 990 |
| 2017 | $1.5M | $1.6M | $2.0M | $9K | — | View 990 |
| 2016 | $1.8M | $1.9M | $2.1M | $0 | — | View 990 |
| 2015 | $2.2M | $2.4M | $2.2M | $0 | — | View 990 |
| 2014 | $2.7M | $2.6M | $2.5M | $7K | — | View 990 |
| 2013 | $2.5M | $2.0M | $2.4M | $0 | — | View 990 |
| 2012 | $3.3M | $2.7M | $1.9M | $0 | — | View 990 |
| 2011 | $2.4M | $2.0M | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $396K, expenses of $445K, and assets of $2.2M (revenue -40.5% year-over-year).
- 2022: Revenue of $665K, expenses of $664K, and assets of $2.1M (revenue -41.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $2.3M (revenue +2.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $786K, and assets of $2.1M (revenue -7.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $1.7M (revenue +1.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.4M, and assets of $1.5M (revenue -22.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $2.0M (revenue -16.2% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.9M, and assets of $2.1M (revenue -17.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.4M, and assets of $2.2M (revenue -17.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.6M, and assets of $2.5M (revenue +8.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.0M, and assets of $2.4M (revenue -25.5% year-over-year).
- 2012: Revenue of $3.3M, expenses of $2.7M, and assets of $1.9M (revenue +40.3% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.0M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reeces Rainbow Inc:
Data Sources and Methodology
This transparency report for Reeces Rainbow 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.