College Insurance Company

Analysis

College Insurance Company is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, College Insurance Company reported income of $22.2m and spending of $22.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.1m to $22.2m (+0.6%), an average of +0.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, College Insurance Company sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VT. Charities of a similar size with the same main cause include City and Country School Inc ($22.2m), CHC Creating Healthier Communities ($22.2m) and Northwest Immigrant Rights Project ($22.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $82.0m against liabilities of $46.5m, net assets of $35.5m.