State Risk and Insurance Management Association

Analysis

State Risk and Insurance Management Association is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, State Risk and Insurance Management Association reported income of $347k and spending of $330k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $347k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 348%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, State Risk and Insurance Management Association sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ND. Charities of a similar size with the same main cause include Northwest Ottawa Recreation Authority ($347k), Ship Bottom Volunteer Fire Co 1 Inc ($347k) and Kody Foundation Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $459k against liabilities of $25k, net assets of $434k.