Rubicon Programs Inc

Analysis

Rubicon Programs Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 June 2023, Rubicon Programs Inc reported income of $16.2m and spending of $18.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.3m to $16.2m (-5.9%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rubicon Programs Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association of Muncie Indiana ($16.2m), Caribbean University ($16.2m) and The Center for Investigative Reporting ($16.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $419k (2.2% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $11.3m against liabilities of $4.6m, net assets of $6.7m. It reported 160 employees.