Rubicon Enterprises Inc

Analysis

Rubicon Enterprises Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rubicon Enterprises Inc reported income of $1.6m and spending of $2.0m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.6m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2020, when income dropped by 17%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rubicon Enterprises 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 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Nevada Partners Inc ($1.6m), Tourism Tomorrow Inc ($1.6m) and Centerstate Development Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $735k. At year end it held assets of $733k against liabilities of $268k, net assets of $465k. It reported 25 employees.