Rainbow Educational Child Care Center

Analysis

Rainbow Educational Child Care Center is a registered charity in United States, based in Yanceyville, NC. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Rainbow Educational Child Care Center reported income of $589k and spending of $607k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $262k to $589k (+125%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rainbow Educational Child Care Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Imeinu Inc ($589k), Shine a Light Foundation ($589k) and Mower County Agricultural Society ($589k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $306k. At year end it held assets of $422k against liabilities of $0, net assets of $422k. It reported 13 employees.