Rubys Place

Analysis

Rubys Place is a registered charity in United States, based in Castro Valley, CA. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rubys Place reported income of $9.2m and spending of $8.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $9.2m (+137%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rubys Place sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Seventy-Five State Street ($9.2m), Southern Indiana Housing and Community Development Corporation ($9.3m) and Porchlight Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $547k (6.7% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.2m against liabilities of $719k, net assets of $4.5m. It reported 85 employees.