Richard K Lubin Family Foundation
Richard K Lubin Family Foundation: Strong Asset Growth, but Transparency Lacking
EIN: 222773808 · Boston, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $72.0M |
| Total Expenses | $12.6M |
| Program Spending | 90% |
| Net Assets | $197.8M |
| Transparency Score | 75/100 |
Is Richard K Lubin Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard K Lubin Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard K Lubin Family Foundation
Richard K Lubin Family Foundation (EIN: 222773808) is a nonprofit organization based in Boston, MA. The organization reported total revenue of $72.0M and total assets of $223.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard K Lubin Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard K Lubin Family Foundation is a major nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.8M |
| Total Expenses | $12.6M |
| Surplus / Deficit | +$36.2M |
| Total Assets | $198.3M |
| Total Liabilities | $433K |
| Net Assets | $197.8M |
| Operating Margin | 74.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 188.1 months |
Financial Health Grade: A
In 2023, Richard K Lubin Family Foundation reported a surplus of $36.2M with revenue exceeding expenses, holds 188.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Richard K Lubin Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +98.2% | +5.1% | +21.8% |
| 2022 | -20.6% | +21.8% | +1.0% |
| 2021 | +129.1% | -0.4% | +5.3% |
| 2020 | -43.4% | +37.5% | +2.8% |
| 2019 | +92.9% | +257.1% | +129.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Richard K Lubin Family Foundation with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 5%
According to IRS 990 filings, Richard K Lubin Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $36.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, indicating either no paid executives or compensation below reporting thresholds, which is positive for a family foundation of this 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 Richard K Lubin Family Foundation's IRS 990 filings:
- Lack of detailed program information makes it difficult to assess the effectiveness of grantmaking.
- The significant increase in assets from $64.8M in 2015 to $223.3M in 2023 without a proportional increase in reported expenses raises questions about grant payout rates relative to growth.
Strengths
The following positive indicators were identified for Richard K Lubin Family Foundation:
- Substantial asset growth from $41.8M in 2013 to $223.3M in 2023 demonstrates strong financial stewardship.
- Low reported administrative and fundraising expenses suggest efficient operations.
- Consistent grantmaking activity over the years, with total expenses (x) ranging from $1.2M to $12.6M annually.
Frequently Asked Questions about Richard K Lubin Family Foundation
Is Richard K Lubin Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard K Lubin Family Foundation (EIN: 222773808) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Richard K Lubin Family Foundation spend its money?
Richard K Lubin Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard K Lubin Family Foundation tax-deductible?
Richard K Lubin Family Foundation is registered as a tax-exempt nonprofit (EIN: 222773808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Richard K Lubin Family Foundation's spending goes to programs?
Richard K Lubin Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Richard K Lubin Family Foundation located?
Richard K Lubin Family Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 222773808.
How many years of IRS 990 filings does Richard K Lubin Family Foundation have?
Richard K Lubin Family Foundation 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 $72.0M in total revenue.
What does Richard K Lubin Family Foundation do?
Richard K Lubin Family Foundation is a nonprofit organization in the Unknown sector, located in Boston, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Richard K Lubin Family Foundation have?
Richard K Lubin Family Foundation reported total revenue of $72,010,555. Based on 10 IRS 990 filings on record.
What are Richard K Lubin Family Foundation's total assets?
Richard K Lubin Family Foundation holds total assets of $223,377,751 as reported in IRS 990 filings.
Where is Richard K Lubin Family Foundation located?
Richard K Lubin Family Foundation is based in Boston, Massachusetts.
What is Richard K Lubin Family Foundation's EIN?
Richard K Lubin Family Foundation's Employer Identification Number (EIN) is 222773808. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Richard K Lubin Family Foundation?
Richard K Lubin Family Foundation is classified under NTEE code Unknown (Unknown).
Is Richard K Lubin Family Foundation a registered 501(c)(3)?
Richard K Lubin Family Foundation appears in IRS records (EIN: 222773808). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Richard K Lubin Family Foundation file IRS Form 990?
Yes, Richard K Lubin Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Richard K Lubin Family Foundation's revenue in 2023?
In the 202312 filing period, Richard K Lubin Family Foundation reported total revenue of $48,814,773, total expenses of $12,648,099, and net assets of $198,260,311.
Is Richard K Lubin Family Foundation's revenue growing or declining?
Richard K Lubin Family Foundation's revenue is growing. Revenue went from $24,624,493 (202212) to $48,814,773 (202312), a +98.2% change. Based on 10 filings on record.
What is Richard K Lubin Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Richard K Lubin Family Foundation covers tax period 202312. It shows revenue of $48,814,773, expenses of $12,648,099, total assets of $198,260,311, and liabilities of $432,794.
How much does Richard K Lubin Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, Richard K Lubin Family Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Richard K Lubin Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Richard K Lubin Family Foundation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Richard K Lubin Family Foundation?
The following concerns were identified: Lack of detailed program information makes it difficult to assess the effectiveness of grantmaking.. The significant increase in assets from $64.8M in 2015 to $223.3M in 2023 without a proportional increase in reported expenses raises questions about grant payout rates relative to growth.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Richard K Lubin Family Foundation's strengths?
Positive indicators for Richard K Lubin Family Foundation include: Substantial asset growth from $41.8M in 2013 to $223.3M in 2023 demonstrates strong financial stewardship.. Low reported administrative and fundraising expenses suggest efficient operations.. Consistent grantmaking activity over the years, with total expenses (x) ranging from $1.2M to $12.6M annually.. These findings are derived from AI analysis of the organization's financial filings.
How does Richard K Lubin Family Foundation compensate executives?
Executive compensation is not reported in the provided filings, indicating either no paid executives or compensation below reporting thresholds, which is positive for a family foundation of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth, what is the foundation's long-term strategy for increasing its charitable distributions to align with its enhanced financial capacity?
While assets have grown significantly, the reported expenses (x) have not increased proportionally. For example, assets grew from $162.7M in 2022 to $198.2M in 2023, but expenses only increased from $12.0M to $12.6M. A clear strategy for leveraging this growth for greater impact is not evident in public filings.
How does the foundation ensure its grantmaking is impactful without publicly detailing its program areas or specific outcomes?
The available data does not provide insight into specific program areas or impact metrics. Without this information, it's challenging to assess the effectiveness and strategic focus of the foundation's grantmaking, despite consistent expenditures.
Filing History
IRS 990 filing history for Richard K Lubin Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard K Lubin Family Foundation's revenue has grown by 813.4%, moving from $5.3M to $48.8M. Total assets increased by 763% over the same period, from $23.0M to $198.3M. Total functional expenses rose by 531.3%, from $2.0M to $12.6M. In its most recent filing year (2023), Richard K Lubin Family Foundation reported a surplus of $36.2M, with revenue exceeding expenses. The organization holds $433K in liabilities against $198.3M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $197.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48.8M | $12.6M | $198.3M | $433K | — | View 990 |
| 2022 | $24.6M | $12.0M | $162.7M | $356K | — | View 990 |
| 2021 | $31.0M | $9.9M | $161.1M | $1.7M | — | View 990 |
| 2020 | $13.5M | $9.9M | $153.0M | $1.2M | — | View 990 |
| 2019 | $23.9M | $7.2M | $148.9M | $58K | — | View 990 |
| 2015 | $12.4M | $2.0M | $64.8M | $22K | — | View 990 |
| 2014 | $25.0M | $1.2M | $55.2M | $40K | — | View 990 |
| 2013 | $12.5M | $1.7M | $41.8M | $2K | — | View 990 |
| 2012 | $18.2M | $3.2M | $34.1M | $460K | — | View 990 |
| 2011 | $5.3M | $2.0M | $23.0M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.8M, expenses of $12.6M, and assets of $198.3M (revenue +98.2% year-over-year).
- 2022: Revenue of $24.6M, expenses of $12.0M, and assets of $162.7M (revenue -20.6% year-over-year).
- 2021: Revenue of $31.0M, expenses of $9.9M, and assets of $161.1M (revenue +129.1% year-over-year).
- 2020: Revenue of $13.5M, expenses of $9.9M, and assets of $153.0M (revenue -43.4% year-over-year).
- 2019: Revenue of $23.9M, expenses of $7.2M, and assets of $148.9M (revenue +92.9% year-over-year).
- 2015: Revenue of $12.4M, expenses of $2.0M, and assets of $64.8M (revenue -50.4% year-over-year).
- 2014: Revenue of $25.0M, expenses of $1.2M, and assets of $55.2M (revenue +100.5% year-over-year).
- 2013: Revenue of $12.5M, expenses of $1.7M, and assets of $41.8M (revenue -31.6% year-over-year).
- 2012: Revenue of $18.2M, expenses of $3.2M, and assets of $34.1M (revenue +241.3% year-over-year).
- 2011: Revenue of $5.3M, expenses of $2.0M, and assets of $23.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard K Lubin Family Foundation:
Data Sources and Methodology
This transparency report for Richard K Lubin Family Foundation 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.