THE RAINBOW PROJECT INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,574,296
Cash & Equivalents
79%
Property, Plant, & Equipment (net)
17%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Other Assets
<1%
Investments
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$410,796
Notes Payable / Debt (Non-Related)
55%
Custodial & Escrow Liabilities
27%
Payables & Accruals
16%
Other Liabilities
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,420,771
$2,825,921
+17%
Receivables (Non-Related)
$174,598
$120,082
-31%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$15,704
$21,058
+34%
Investments
$665
$1,122
+69%
Property, Plant, & Equipment (net)
$646,980
$600,355
-7%
Other Assets
$8,900
$5,758
-35%
Total Assets
$3,267,618
$3,574,296
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$58,072
$66,797
+15%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$35,384
$111,176
+214%
Notes Payable / Debt (Non-Related)
$240,069
$226,924
-5%
Related-Party Payables
-
-
-
Other Liabilities
$9,044
$5,899
-35%
Total Liabilities
$342,569
$410,796
+20%
Net assets
2023
2024
Change
Restricted Net Assets
$79,189
$79,189
+0%
Unrestricted Net Assets
$2,845,860
$3,084,311
+8%
Net assets
2023
2024
Change
Net assets
+$2,925,049
+$3,163,500
+8%
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