Devon C Rubenstein Foundation Inc

Analysis

Devon C Rubenstein Foundation Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Devon C Rubenstein Foundation Inc reported income of $147k and spending of $266k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $199k to $147k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 224%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Devon C Rubenstein Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Dayton Veterans Affairs Research and Education Foundation ($147k), Banding Together ($147k) and Abundant Life Recovery Housing Network Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 131% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.