Geisinger Insurance Corporation Risk Retention Group

Analysis

Geisinger Insurance Corporation Risk Retention Group is a registered charity in United States, based in Danville, PA. It received its IRS tax-exemption ruling in June 2005, 21 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, Geisinger Insurance Corporation Risk Retention Group reported income of $2.0m and spending of $1.7m, spending 86% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.3m to $2.0m (+48%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geisinger Insurance Corporation Risk Retention Group sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Project Safe Inc ($2.0m), Inuit Art Foundation ($2.0m) and Martin County Convent Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.1m against liabilities of $2.4m, net assets of $2.6m.