Cele H & William B Rubin Family Fund Inc
Rubin Family Fund maintains strong asset base despite recent years of expenses exceeding revenue.
EIN: 116026235 · Wellesley Hls, MA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.8M |
| Total Expenses | $4.9M |
| Program Spending | 95% |
| Net Assets | $34.3M |
| Transparency Score | 90/100 |
Is Cele H & William B Rubin Family Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cele H & William B Rubin Family Fund Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cele H & William B Rubin Family Fund Inc
Cele H & William B Rubin Family Fund Inc (EIN: 116026235) is a nonprofit organization based in Wellesley Hls, MA. The organization reported total revenue of $18.8M and total assets of $34.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cele H & William B Rubin Family Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cele H & William B Rubin Family Fund Inc is a large nonprofit that has been operating for 82 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-3,025,581 |
| Total Assets | $34.3M |
| Total Liabilities | $1 |
| Net Assets | $34.3M |
| Operating Margin | -162.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 84.2 months |
Financial Health Grade: B
In 2023, Cele H & William B Rubin Family Fund Inc reported a deficit of $3.0M with expenses exceeding revenue, holds 84.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cele H & William B Rubin Family Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.9% | +2.5% | -6.8% |
| 2022 | -69.5% | +12.6% | +2.7% |
| 2021 | +209.7% | +37.5% | +4.1% |
| 2020 | -68.5% | +3.9% | -4.4% |
| 2019 | +2.3% | -42.7% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cele H & William B Rubin Family Fund Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Cele H & William B Rubin Family Fund Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid, compensated through an affiliated entity, or that the fund operates with a volunteer board and minimal paid staff, which is highly efficient for a foundation of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cele H & William B Rubin Family Fund Inc's IRS 990 filings:
- NTEE Code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Cele H & William B Rubin Family Fund Inc:
- Consistent and substantial asset base, averaging over $30 million.
- Minimal liabilities, indicating strong financial stability.
- 0% officer compensation reported, suggesting highly efficient administrative costs.
- Long filing history (10 filings) demonstrates consistent operation and transparency.
- Latest revenue of $18,801,975 indicates significant financial capacity.
Frequently Asked Questions about Cele H & William B Rubin Family Fund Inc
Is Cele H & William B Rubin Family Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cele H & William B Rubin Family Fund Inc (EIN: 116026235) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Cele H & William B Rubin Family Fund Inc spend its money?
Cele H & William B Rubin Family Fund Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cele H & William B Rubin Family Fund Inc tax-deductible?
Cele H & William B Rubin Family Fund Inc is registered as a tax-exempt nonprofit (EIN: 116026235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cele H & William B Rubin Family Fund Inc located?
Cele H & William B Rubin Family Fund Inc is headquartered in Wellesley Hls, Massachusetts and files with the IRS under EIN 116026235.
How many years of IRS 990 filings does Cele H & William B Rubin Family Fund Inc have?
Cele H & William B Rubin Family Fund Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $18.8M in total revenue.
What are the specific programs or grants funded by the Cele H & William B Rubin Family Fund Inc.?
The provided IRS 990 data does not detail specific programs or grant recipients, but the consistent expenses suggest active philanthropic distributions.
How does the fund manage to have 0% officer compensation?
This could indicate a volunteer board, compensation handled by an affiliated entity, or that the fund's operational structure does not involve paid officers in the traditional sense reported on the 990.
Why did expenses exceed revenue in 2022 and 2023?
This is common for private foundations that distribute grants from their endowment, especially during periods of market fluctuations affecting investment income or when making significant grant commitments.
Filing History
IRS 990 filing history for Cele H & William B Rubin Family Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cele H & William B Rubin Family Fund Inc's revenue has declined by 64.2%, moving from $5.2M to $1.9M. Total assets increased by 42.9% over the same period, from $24.0M to $34.3M. Total functional expenses rose by 61.8%, from $3.0M to $4.9M. In its most recent filing year (2023), Cele H & William B Rubin Family Fund Inc reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $34.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $4.9M | $34.3M | $1 | — | — |
| 2022 | $1.7M | $4.8M | $36.8M | $1 | — | View 990 |
| 2021 | $5.7M | $4.2M | $35.8M | $1 | — | — |
| 2020 | $1.8M | $3.1M | $34.4M | $2 | — | — |
| 2019 | $5.8M | $3.0M | $36.0M | $0 | — | View 990 |
| 2015 | $5.7M | $5.2M | $32.3M | $3 | — | View 990 |
| 2014 | $4.0M | $5.2M | $31.8M | $0 | — | View 990 |
| 2013 | $10.9M | $5.2M | $33.0M | $0 | — | View 990 |
| 2012 | $7.0M | $3.8M | $27.2M | $0 | — | View 990 |
| 2011 | $5.2M | $3.0M | $24.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $4.9M, and assets of $34.3M (revenue +7.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $4.8M, and assets of $36.8M (revenue -69.5% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.2M, and assets of $35.8M (revenue +209.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $3.1M, and assets of $34.4M (revenue -68.5% year-over-year).
- 2019: Revenue of $5.8M, expenses of $3.0M, and assets of $36.0M (revenue +2.3% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.2M, and assets of $32.3M (revenue +43.2% year-over-year).
- 2014: Revenue of $4.0M, expenses of $5.2M, and assets of $31.8M (revenue -63.8% year-over-year).
- 2013: Revenue of $10.9M, expenses of $5.2M, and assets of $33.0M (revenue +57.1% year-over-year).
- 2012: Revenue of $7.0M, expenses of $3.8M, and assets of $27.2M (revenue +33.6% year-over-year).
- 2011: Revenue of $5.2M, expenses of $3.0M, and assets of $24.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cele H & William B Rubin Family Fund Inc:
Data Sources and Methodology
This transparency report for Cele H & William B Rubin Family Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.