Rainbow Learning Enrichment NFP

Analysis

Rainbow Learning Enrichment NFP is a registered charity in United States, based in Kankakee, IL. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rainbow Learning Enrichment NFP reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Learning Enrichment NFP sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Pitt County Council on Aging ($1.7m), SEND Hope Now ($1.7m) and Lords Children Mission ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (5.6% of expenses). Other salaries and wages came to $900k. At year end it held assets of $611k against liabilities of $243k, net assets of $368k. It reported 46 employees.