Rubicon Inc

Analysis

Rubicon Inc is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 June 2023, Rubicon Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rubicon Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Reach Child Placing Agency ($1.4m), Community System Navigators ($1.4m) and World of Wonders Childcare & Learning Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $416k. At year end it held assets of $1.2m against liabilities of $70k, net assets of $1.1m. It reported 15 employees.