Under the Rainbow Early Education Center

Analysis

Under the Rainbow Early Education Center is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in February 1996, 30 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, Under the Rainbow Early Education Center reported income of $2.2m and spending of $1.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.2m (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Under the Rainbow Early Education Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Project R E S T ($2.2m), Maximum Impact Love Inc ($2.2m) and Arc of Clarion County Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.6m against liabilities of $498k, net assets of $1.1m. It reported 68 employees.