Rainbow Learning Center Inc

Analysis

Rainbow Learning Center Inc is a registered charity in United States, based in New Albany, MS. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Learning Center Inc reported income of $692k and spending of $826k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $577k to $692k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Learning Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within MS. Charities of a similar size with the same main cause include St Marys Services ($692k), Children First Child Care ($693k) and Ceeds of Peace ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $32k (3.8% of expenses). Other salaries and wages came to $356k. At year end it held assets of $461k against liabilities of $0, net assets of $461k. It reported 44 employees.