Rainbow Dreams Educational Foundation

Analysis

Rainbow Dreams Educational Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rainbow Dreams Educational Foundation reported income of $132k and spending of $217k, spending 164% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $132k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 158% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rainbow Dreams Educational Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within NV. Charities of a similar size with the same main cause include Dona Ana County Fair ($132k), Entrepreneurs Scholarship Program ($132k) and Silver Fox Cheerleading Booster Club Inc ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $85k (39% of expenses). At year end it held assets of $427k against liabilities of $60k, net assets of $366k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.