Columbia University Retiree Medical and Life Ins Benefits TR

Analysis

Columbia University Retiree Medical and Life Ins Benefits TR is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1995, 31 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 June 2023, Columbia University Retiree Medical and Life Ins Benefits TR reported income of $25.8m and spending of $10.7m, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $25.8m (+183%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbia University Retiree Medical and Life Ins Benefits TR 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 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Disabled Veterans National Foundation ($25.7m), Washington Association of Sheriffs and Police Chiefs ($25.8m) and Southern California Tribal Chairmens Association ($25.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 16% of the total. At year end it held assets of $227.5m against liabilities of $381k, net assets of $227.2m.