Rainbow 66 Storehouse Inc
Nonprofit profile at a glance
- EIN
- 562304284
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025
- Location
- Laurinburg, NC, USA
- Phone
- 9103614398
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $3,481,000
- Expenses
- $3,315,318
- Assets
- $3,099,966
- Liabilities
- $312,100
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
2 people listed
Highest reported compensation
- KIMMIE JOHNSON (FOUNDER): $143,711 total reported compensation
- MITCHELL JOHNSON (FOUNDER): $61,750 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rainbow 66 Storehouse??? s mission is to build, maintain, and influence the confidence of the people we are privileged to serve and impact the communities in which we live.
What it reported doing in 2025
Served the community by providing food, shelter, professional services and prescription management to the mentally and phsyically challengened members of our community
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 82
- Accountability: 69
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.6%; rating input score 28
- Program expense ratio: 28.9%; rating input score 29
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 13th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.8%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: -20.6% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 13.6% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 27.6% of revenue deployed · 28.9% of spending went to programs
- Governance: 2 of 3 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.3M in reported program spending
- Leadership: top reported pay $144K · 2 people listed
- Highest-paid contractors: 3 contractors listed · $75K reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 28/100.
- High — Financial Efficiency: Program expense ratio scored 29/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.