Rubino Family Foundation Inc
Rubino Family Foundation Inc operates with minimal revenue and declining assets, consistently spending more than it earns.
EIN: 208037853 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Rubino Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rubino Family Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Rubino Family Foundation Inc
Rubino Family Foundation Inc (EIN: 208037853) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $2K and total assets of $103 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rubino Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rubino Family Foundation Inc is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -14.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $2K |
| Surplus / Deficit | $-88 |
| Total Assets | $103 |
| Total Liabilities | $1 |
| Net Assets | $102 |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2019, Rubino Family Foundation Inc reported a deficit of $88 with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Rubino Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +571.2% | +32.3% | +10200.0% |
| 2015 | +526.9% | -25.6% | -99.9% |
| 2014 | -90.7% | -1.2% | -61.8% |
| 2013 | +195.8% | -1.2% | -32.8% |
| 2012 | -97.6% | -21.2% | -28.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Rubino Family Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 50%
- fundraising: 0%
According to IRS 990 filings, Rubino Family Foundation Inc allocates its expenses as follows: admin: 50%, programs: 50%, fundraising: 0%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not compensated, which is appropriate for an organization of this extremely small size and limited financial activity.
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 Rubino Family Foundation Inc's IRS 990 filings:
- Consistent net losses (expenses exceeding revenue) in most reported periods, indicating unsustainable operations.
- Significant decline in assets from $7,621 in 2011 to $103 in 2019, suggesting depletion of capital.
- Extremely low revenue ($2,188 in 2019) and assets ($103 in 2019) limit potential for meaningful programmatic impact.
Strengths
The following positive indicators were identified for Rubino Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Consistent filing of IRS Form 990, demonstrating basic transparency.
Frequently Asked Questions about Rubino Family Foundation Inc
Is Rubino Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rubino Family Foundation Inc (EIN: 208037853) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.
How does Rubino Family Foundation Inc spend its money?
Rubino Family Foundation Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rubino Family Foundation Inc tax-deductible?
Rubino Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208037853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Rubino Family Foundation Inc a good charity?
Given its extremely small scale, declining assets, and consistent pattern of expenses exceeding revenue, it's difficult to classify it as a 'good charity' in terms of significant impact or financial stability. It appears to be a very small, likely family-run, private foundation with minimal activity.
What is the primary purpose of this organization?
Based on the NTEE code T22 (Private Grantmaking Foundations), its primary purpose is likely to make grants. However, with only $2,188 in revenue and $2,276 in expenses in 2019, the scale of any grantmaking would be extremely limited.
How has the organization's financial health changed over time?
The organization's financial health has significantly deteriorated. Its assets have dropped from $7,621 in 2011 to $103 in 2019, and it has consistently reported expenses exceeding revenue in most periods, indicating a reliance on depleting its initial capital.
Filing History
IRS 990 filing history for Rubino Family Foundation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Rubino Family Foundation Inc's revenue has declined by 71.8%, moving from $8K to $2K. Total assets decreased by 98.6% over the same period, from $8K to $103. Total functional expenses fell by 24.3%, from $3K to $2K. In its most recent filing year (2019), Rubino Family Foundation Inc reported a deficit of $88, with expenses exceeding revenue. The organization holds $1 in liabilities against $103 in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $102.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $2K | $2K | $103 | $1 | — | — |
| 2015 | $326 | $2K | $1 | $0 | — | View 990 |
| 2014 | $52 | $2K | $1K | $1 | — | View 990 |
| 2013 | $559 | $2K | $4K | $1 | — | View 990 |
| 2012 | $189 | $2K | $5K | $1 | — | View 990 |
| 2011 | $8K | $3K | $8K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $2K, expenses of $2K, and assets of $103 (revenue +571.2% year-over-year).
- 2015: Revenue of $326, expenses of $2K, and assets of $1 (revenue +526.9% year-over-year).
- 2014: Revenue of $52, expenses of $2K, and assets of $1K (revenue -90.7% year-over-year).
- 2013: Revenue of $559, expenses of $2K, and assets of $4K (revenue +195.8% year-over-year).
- 2012: Revenue of $189, expenses of $2K, and assets of $5K (revenue -97.6% year-over-year).
- 2011: Revenue of $8K, expenses of $3K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rubino Family Foundation Inc:
Data Sources and Methodology
This transparency report for Rubino Family Foundation 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.