Willamette Valley Insurance Corporation

Analysis

Willamette Valley Insurance Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 2006, 20 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 June 2023, Willamette Valley Insurance Corporation reported income of $358k and spending of $4.2m, spending 1174% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $358k (-83%), an average of -36% a year. The sharpest change came in the year to June 2022, when income dropped by 67%. Over the whole period it spent 141% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Willamette Valley Insurance Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within HI. Charities of a similar size with the same main cause include Heartbeat International Foundationinc ($358k), Sunshine Clubhouse Inc ($358k) and Critical Care Comics ($358k).

At year end it held assets of $19.9m against liabilities of $8.4m, net assets of $11.5m.