Ritas Rainbows
Nonprofit profile at a glance
- EIN
- 263348094
- IRS 990-EZ coverage
- 2020–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2014
- Location
- San Luis Obispo, CA, USA
- Phone
- 8054585213
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $45,809
- Expenses
- $105,885
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Mary Kaney Holliday (President)
- Cassandra Goehner (Vice President)
- Andy Goehner (Vice President)
People named in this filing
- Mary Kaney Holliday (President)
- Cassandra Goehner (Vice President)
- Andy Goehner (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide assistance to benefit children in need
What it reported doing in 2023
Shelter and Resource Center Programs: Purchased and provided diapers, clothing, toys, playpens, sensory items for special needs students, Winter and Spring holiday gifts, toiletries, blankets, vitamins, baby formula, Grab 'N' Go protein packs, backpacks, books (in English and Spanish) and supplies for Learning Pods for children in need in shelters and through partner resource centers. Provided strollers, high chairs, play yards, and car seats through partner agencies.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 10
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 93%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -131.1%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 20.1% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: -10% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: -50.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 93% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $98K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2020 to 2023
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.