Sunshine and Rainbows Early Learning Center

Analysis

Sunshine and Rainbows Early Learning Center is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sunshine and Rainbows Early Learning Center reported income of $340k and spending of $412k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $424k to $340k (-20%), an average of -4.3% a year. The sharpest change came in the year to June 2024, when income dropped by 48%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sunshine and Rainbows Early Learning Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include No Limit Health and Education Inc ($340k), Promiseland Preschool Inc ($340k) and North Forsyth High School Football Booster Club ($340k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $55k (13% of expenses). Other salaries and wages came to $277k. At year end it held assets of $653k against liabilities of $2,294, net assets of $651k. It reported 35 employees.