Southern Oregon Insurance Inc

Analysis

Southern Oregon Insurance Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 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 September 2023, Southern Oregon Insurance Inc reported income of $4.7m and spending of $4.2m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.8m to $4.7m (-19%), an average of -5.0% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Oregon Insurance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include Methodist Home for the Aging ($4.7m), Faith Builders Educational Programs ($4.7m) and Stillwater Christian School ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 69% of the total. At year end it held assets of $37.5m against liabilities of $10.8m, net assets of $26.7m.