Ruby Central Inc

Analysis

Ruby Central Inc is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ruby Central Inc reported income of $2.1m and spending of $2.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 361%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ruby Central Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Collaborative Learning Project Inc ($2.1m), Rowan College Foundation at Gloucester County ($2.1m) and Tobinworld ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $144k (6.5% of expenses). Other salaries and wages came to $86k. At year end it held assets of $161k against liabilities of $91k, net assets of $70k. It reported 3 employees.