Kids Rainbow Daycare Inc

Analysis

Kids Rainbow Daycare Inc is a registered charity in United States, based in Bruce, MS. It received its IRS tax-exemption ruling in January 2004, 22 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 December 2023, Kids Rainbow Daycare Inc reported income of $244k and spending of $249k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $244k (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Rainbow Daycare Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MS. Charities of a similar size with the same main cause include Gwinnett Pearls of Service Foundation Inc ($244k), Safer Diy Spaces ($244k) and Bluedoor Education Center Incorporated ($244k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 80% of the total. Other salaries and wages came to $124k. At year end it held assets of $483k against liabilities of $7,447, net assets of $475k. It reported 8 employees.