Steven And Beverly Rubenstein Charitable Foundation Inc
Steven And Beverly Rubenstein Charitable Foundation consistently disburses over $1.6M annually from a $26M asset base with no officer compensation.
EIN: 200223308 · West Palm Bch, FL · NTEE: T20 · Updated: 2026-03-28
Is Steven And Beverly Rubenstein Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steven And Beverly Rubenstein Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steven And Beverly Rubenstein Charitable Foundation Inc
Steven And Beverly Rubenstein Charitable Foundation Inc (EIN: 200223308) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code T20. The organization reported total revenue of $6.4M and total assets of $26.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steven And Beverly Rubenstein Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steven And Beverly Rubenstein Charitable Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2011–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-80,532 |
| Total Assets | $21.9M |
| Total Liabilities | $1 |
| Net Assets | $21.9M |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.7 months |
Financial Health Grade: B
In 2022, Steven And Beverly Rubenstein Charitable Foundation Inc reported a deficit of $81K with expenses exceeding revenue, holds 157.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -15.9% | -21.0% | -18.6% |
| 2020 | -123.2% | +14.8% | +1.6% |
| 2019 | +296.2% | -11.2% | -5.6% |
| 2015 | +11.2% | -0.6% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Steven And Beverly Rubenstein Charitable Foundation 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, Steven And Beverly Rubenstein Charitable Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's officers are not compensated, which is a strong positive for donor confidence and efficiency.
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 Steven And Beverly Rubenstein Charitable Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in some years (e.g., -$1,015,681 in 2020), which could indicate reliance on unpredictable investment returns.
Strengths
The following positive indicators were identified for Steven And Beverly Rubenstein Charitable Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Consistently high program spending ratio (estimated 95%), demonstrating strong mission focus.
- Substantial and stable asset base (latest $26,272,652) providing long-term financial security.
- No reported liabilities across all filing periods, indicating a very strong financial position.
- Consistent annual charitable distributions despite revenue fluctuations.
Frequently Asked Questions about Steven And Beverly Rubenstein Charitable Foundation Inc
Is Steven And Beverly Rubenstein Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Steven And Beverly Rubenstein Charitable Foundation Inc (EIN: 200223308) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Steven And Beverly Rubenstein Charitable Foundation Inc spend its money?
Steven And Beverly Rubenstein Charitable Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steven And Beverly Rubenstein Charitable Foundation Inc tax-deductible?
Steven And Beverly Rubenstein Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200223308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Steven And Beverly Rubenstein Charitable Foundation Inc a good charity?
Based on the available data, the foundation appears to be a good charity. It consistently spends a very high percentage of its expenses on programs (estimated 95%), has no reported officer compensation, and maintains a strong asset base with no liabilities.
How does the foundation manage its expenses given fluctuating revenue?
Despite significant fluctuations in annual revenue, including negative figures in some years, the foundation maintains a consistent level of expenses (between $1.6M and $2.1M). This suggests a reliance on its substantial asset base ($26,272,652 latest) to fund its operations and distributions, indicating sound endowment management.
What is the primary source of the foundation's income?
The significant fluctuations in revenue, including negative figures, suggest that the foundation's income is likely heavily influenced by investment returns on its substantial assets, rather than consistent public fundraising or program service fees.
Filing History
IRS 990 filing history for Steven And Beverly Rubenstein Charitable Foundation Inc showing financial trends over 9 years of public records:
Total assets decreased by 29.4% over the same period, from $31.0M to $21.9M. Total functional expenses fell by 10.7%, from $1.9M to $1.7M. In its most recent filing year (2022), Steven And Beverly Rubenstein Charitable Foundation Inc reported a deficit of $81K, with expenses exceeding revenue. The organization holds $1 in liabilities against $21.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.6M | $1.7M | $21.9M | $1 | — | View 990 |
| 2021 | $1.9M | $2.1M | $26.9M | $1 | — | View 990 |
| 2020 | $-1,015,681 | $2.1M | $26.3M | $1 | — | View 990 |
| 2019 | $4.4M | $1.8M | $25.9M | $0 | — | View 990 |
| 2015 | $1.1M | $2.0M | $27.4M | $0 | — | View 990 |
| 2014 | $992K | $2.1M | $28.8M | $0 | — | View 990 |
| 2013 | $488K | $2.1M | $29.3M | $0 | — | View 990 |
| 2012 | $274K | $1.9M | $31.3M | $0 | — | View 990 |
| 2011 | $-579,382 | $1.9M | $31.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $21.9M (revenue -15.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.1M, and assets of $26.9M.
- 2020: Revenue of $-1,015,681, expenses of $2.1M, and assets of $26.3M (revenue -123.2% year-over-year).
- 2019: Revenue of $4.4M, expenses of $1.8M, and assets of $25.9M (revenue +296.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $2.0M, and assets of $27.4M (revenue +11.2% year-over-year).
- 2014: Revenue of $992K, expenses of $2.1M, and assets of $28.8M (revenue +103.4% year-over-year).
- 2013: Revenue of $488K, expenses of $2.1M, and assets of $29.3M (revenue +78.2% year-over-year).
- 2012: Revenue of $274K, expenses of $1.9M, and assets of $31.3M.
- 2011: Revenue of $-579,382, expenses of $1.9M, and assets of $31.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steven And Beverly Rubenstein Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Steven And Beverly Rubenstein Charitable 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.