Raindrop Early Learning Center

Analysis

Raindrop Early Learning Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Raindrop Early Learning Center reported income of $509k and spending of $453k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $291k to $509k (+75%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raindrop Early Learning Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Arc of Greater Williamsburg ($509k), Community Warehouse Project of Chester County ($509k) and Bees Senior Citizens Inc ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $56k (12% of expenses). Other salaries and wages came to $171k. At year end it held assets of $96k against liabilities of $7,883, net assets of $88k. It reported 15 employees.