BEducationEIN: 561217861· Ruling Year: 1979

Rainbow Community School

Asheville, North Carolina

B+Health Score
70B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.97×
Peer Median20.77×
💰
$3.3M
Total Revenue
📊
$3.1M
Total Expenses
🏦
$3.0M
Net Assets
📋
$1.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+5.6%
Year-over-year change (2022 → 2023)
Net Margin
+6.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.97
Net assets divided by total expenses
Liabilities-to-Assets
38.0%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$3,307,0986%$3,105,2188%$4,872,2902%
2022$3,131,2933%$2,868,93113%$4,771,3505%
2021$3,035,3849%$2,535,4104%$4,548,9524%
2020$2,780,3003%$2,647,440$4,366,0609%
2019$2,690,0005%$2,634,9935%$4,010,674
2018$2,573,1782%$2,507,4623%$4,011,619
2017$2,526,2732%$2,436,5523%$4,028,90822%
2016$2,486,33624%$2,366,80021%$3,296,3022%
2015$2,007,7194%$1,951,80621%$3,361,8757%
2014$1,922,12351%$1,610,89127%$3,130,245100%
2013$1,270,179$1,267,430$1,564,6333%
2012$1,271,697$1,268,901$1,518,936

Frequently Asked Questions

What does Rainbow Community School do?

Rainbow Community School is a education nonprofit organization based in North Carolina. It is classified under NTEE code B21Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Rainbow Community School financially healthy?

Based on our 9-metric Financial Health Score model, Rainbow Community School has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Rainbow Community School generate?

Rainbow Community School reports $3.2M in annual revenue and holds $5.0M in total assets, based on IRS filings.

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