Rainbow Junction Ltd

Charity Navigator rating: 94%, Four-Star out of Four Star rating.

Rainbow Junction Ltd has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The organization’s overall score is derived entirely from its accountability and finance metrics, where it scored an impressive 94%. This high rating indicates that Rainbow Junction Ltd effectively manages its finances and adheres to high standards of governance.

The charity demonstrates significant strengths, particularly in its independent board governance, with 100% of board members being independent. Additionally, it scored perfectly in several key areas, including the management of financial statements and the absence of any material diversion of assets. Its program expense ratio stands at 87.23%, indicating that a majority of its expenditures are allocated directly to its programs, which is a positive sign for potential donors.

While the ratings highlight the organization’s strengths, potential supporters should consider that the score is based solely on financial metrics. This means that while Rainbow Junction Ltd excels in governance and accountability, the impact of its programs and the effectiveness of its outreach efforts are not reflected in this rating. Overall, it represents a trustworthy option for donors looking for a well-managed nonprofit.

This AI summary has been generated from information found on Charity Navigator.

Rainbow Junction Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rainbow Junction Ltd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $44,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $454,752

For more financial information, click here