Rubicon Homes

Analysis

Rubicon Homes is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in September 1981, 45 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, Rubicon Homes reported income of $224k and spending of $191k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $191k to $224k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rubicon Homes sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Neola Betterment Corporation ($224k), Walter S Brooks Elderly Homes at Ormont Court Inc ($224k) and Caritas Manor Inc ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Other salaries and wages came to $529. At year end it held assets of $439k against liabilities of $413k, net assets of $26k.