Rainbow Land Preschool

Analysis

Rainbow Land Preschool is a registered charity in United States, based in Fayette, IA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 December 2023, Rainbow Land Preschool reported income of $343k and spending of $363k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $376k to $343k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Land Preschool sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Training and Counseling Center at Saint Lukes Inc ($343k), Associated Churches of Lindsborg Inc ($343k) and Heartland Regional Medical Center Auxiliary Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $85k (23% of expenses). Other salaries and wages came to $166k. At year end it held assets of $385k against liabilities of $4,764, net assets of $380k. It reported 50 employees.