Rainbow School and Day Care Center Inc

Analysis

Rainbow School and Day Care Center Inc is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in December 1979, 47 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 August 2023, Rainbow School and Day Care Center Inc reported income of $568k and spending of $597k, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $536k to $568k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to August 2021, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow School and Day Care Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Scottish American Society of Central Florida ($568k), Aurora Community Mental Health Research Institute Inc ($568k) and American Friends of Ner Yaakov Inc ($568k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $156k (26% of expenses). Other salaries and wages came to $155k. At year end it held assets of $490k against liabilities of $6,820, net assets of $483k. It reported 15 employees.