Over the Rainbow Nursery School Inc

Analysis

Over the Rainbow Nursery School Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Over the Rainbow Nursery School Inc reported income of $1.0m and spending of $1.0m, spending 103% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $735k to $1.0m (+38%), an average of +6.6% a year. The sharpest change came in the year to May 2022, when income rose by 136%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Over the Rainbow Nursery School Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include American Democracy Institute Inc ($1.0m), American Friends of Christ Church Inc ($1.0m) and Uniformed Firefighters Associations Scholarship Fund Inc ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $134k (13% of expenses). Other salaries and wages came to $631k. At year end it held assets of $236k against liabilities of $27k, net assets of $209k. It reported 23 employees.