Whirling Rainbow Foundation
EIN: 562531153 · Homer, AK · NTEE: X80
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $98K |
| Net Assets | $95K |
Is Whirling Rainbow Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Whirling Rainbow Foundation
Whirling Rainbow Foundation (EIN: 562531153) is a nonprofit organization based in Homer, AK, classified under NTEE code X80. The organization reported total revenue of $88K and total assets of $99K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whirling Rainbow Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whirling Rainbow Foundation is a micro nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $98K |
| Surplus / Deficit | +$12K |
| Total Assets | $95K |
| Net Assets | $95K |
| Operating Margin | 10.7% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, Whirling Rainbow Foundation reported a surplus of $12K with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Whirling Rainbow Foundation's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.5% | -15.7% | +58.6% |
| 2021 | +47.0% | +47.2% | +96.5% |
| 2020 | -6.9% | +7.9% | +31.2% |
| 2019 | +6.2% | -12.9% | +1472.0% |
| 2018 | -4.0% | -7.1% | -69.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Whirling Rainbow Foundation 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 Whirling Rainbow Foundation 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 surplus of $12K, with revenue exceeding expenses.
Frequently Asked Questions about Whirling Rainbow Foundation
Is Whirling Rainbow Foundation a legitimate charity?
Whirling Rainbow Foundation (EIN: 562531153) is a registered tax-exempt nonprofit based in Alaska. It has 12 years of IRS 990 filings on record. Total revenue: $88K. No red flags identified. Financial health grade: A.
How does Whirling Rainbow Foundation spend its money?
Whirling Rainbow Foundation reported $88K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Whirling Rainbow Foundation tax-deductible?
Whirling Rainbow Foundation is registered as a tax-exempt nonprofit (EIN: 562531153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Whirling Rainbow Foundation located?
Whirling Rainbow Foundation is headquartered in Homer, Alaska and files with the IRS under EIN 562531153. It is classified under NTEE code X80.
How many years of IRS 990 filings does Whirling Rainbow Foundation have?
Whirling Rainbow Foundation has 12 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 $88K in total revenue.
Filing History
IRS 990 filing history for Whirling Rainbow Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Whirling Rainbow Foundation's revenue has declined by 0.5%, moving from $111K to $110K. Total assets increased by 83.1% over the same period, from $52K to $95K. Total functional expenses fell by 15%, from $116K to $98K. In its most recent filing year (2023), Whirling Rainbow Foundation reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $98K | $95K | $0 | — | — |
| 2021 | $130K | $117K | $60K | $0 | — | View 990 |
| 2020 | $89K | $79K | $30K | $0 | — | — |
| 2019 | $95K | $74K | $23K | $0 | — | View 990 |
| 2018 | $90K | $84K | $1K | $0 | — | View 990 |
| 2017 | $93K | $91K | $5K | $0 | — | View 990 |
| 2016 | $97K | $98K | $11K | $0 | — | View 990 |
| 2015 | $85K | $71K | $15K | $0 | — | View 990 |
| 2014 | $50K | $81K | $21 | $0 | — | View 990 |
| 2013 | $119K | $146K | $30K | $0 | — | View 990 |
| 2012 | $119K | $94K | $77K | $0 | — | — |
| 2011 | $111K | $116K | $52K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $98K, and assets of $95K (revenue -15.5% year-over-year).
- 2021: Revenue of $130K, expenses of $117K, and assets of $60K (revenue +47.0% year-over-year).
- 2020: Revenue of $89K, expenses of $79K, and assets of $30K (revenue -6.9% year-over-year).
- 2019: Revenue of $95K, expenses of $74K, and assets of $23K (revenue +6.2% year-over-year).
- 2018: Revenue of $90K, expenses of $84K, and assets of $1K (revenue -4.0% year-over-year).
- 2017: Revenue of $93K, expenses of $91K, and assets of $5K (revenue -3.3% year-over-year).
- 2016: Revenue of $97K, expenses of $98K, and assets of $11K (revenue +13.3% year-over-year).
- 2015: Revenue of $85K, expenses of $71K, and assets of $15K (revenue +69.2% year-over-year).
- 2014: Revenue of $50K, expenses of $81K, and assets of $21 (revenue -57.8% year-over-year).
- 2013: Revenue of $119K, expenses of $146K, and assets of $30K (revenue +0.5% year-over-year).
- 2012: Revenue of $119K, expenses of $94K, and assets of $77K (revenue +7.2% year-over-year).
- 2011: Revenue of $111K, expenses of $116K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whirling Rainbow Foundation:
Data Sources and Methodology
This transparency report for Whirling Rainbow Foundation 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.