Allied Services Risk Retention Group

Analysis

Allied Services Risk Retention Group is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Allied Services Risk Retention Group reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Allied Services Risk Retention Group sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include International Midwife Assistance Inc ($1.7m), Good Samaritan Hospital Free Clinic ($1.7m) and Lead Academy Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $8.6m against liabilities of $6.1m, net assets of $2.5m.