RBN Foundation

Analysis

RBN Foundation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, RBN Foundation reported income of $2.1m and spending of $2.2m, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $2.1m (+950%), an average of +950% a year. The sharpest change came in the year to December 2023, when income rose by 950%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, RBN Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Friends in Action International Inc ($2.1m), Wiseman Ministries Inc ($2.1m) and Cassia ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $34k against liabilities of $37k, net assets of -$2,831. It reported 1 employees.