Rubicam Foundation

Analysis

Rubicam Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rubicam Foundation reported income of $247k and spending of $187k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $498k to $247k (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rubicam Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include The Cherry Arts Inc ($247k), Assembly of Turkish American Associations ($247k) and American Academy of Surgical Research ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $485k against liabilities of $0, net assets of $485k.