Robin Hood Foundation

Analysis

Robin Hood Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Robin Hood Foundation reported income of $134.5m and spending of $150.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $152.3m to $134.5m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Robin Hood Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include The Miami Foundation Inc ($133.5m), Impact Investing Charitable Trust ($138.0m) and Gates Philanthropy Partners ($132.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $3.7m (2.4% of expenses). Other salaries and wages came to $14.4m. It paid $77k in professional fundraising fees. At year end it held assets of $308.8m against liabilities of $95.7m, net assets of $213.1m. It reported 131 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.