Rainbow Kidz Inc

Analysis

Rainbow Kidz Inc is a registered charity in United States, based in Bloomer, WI. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rainbow Kidz Inc reported income of $411k and spending of $444k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $275k to $411k (+50%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainbow Kidz Inc 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 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Common Good Atlanta Inc ($411k), Indigenous Media Freedom Alliance ($411k) and St Stephen Umc Preschool Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $43k (9.7% of expenses). Other salaries and wages came to $220k. At year end it held assets of $31k against liabilities of $3,241, net assets of $27k. It reported 21 employees.