Alliance of Nonprofits for Insurance Risk Retention Group Inc

Analysis

Alliance of Nonprofits for Insurance Risk Retention Group Inc is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover mutual and membership 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, Alliance of Nonprofits for Insurance Risk Retention Group Inc reported income of $101.6m and spending of $92.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.6m to $101.6m (+139%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alliance of Nonprofits for Insurance Risk Retention Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Rochester ($101.5m), Didlake Inc ($101.7m) and Mount Sinai Community Foundation ($101.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $374.2m against liabilities of $309.1m, net assets of $65.0m.