Old Crescent Insurance Company

Analysis

Old Crescent Insurance Company is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Old Crescent Insurance Company reported income of $2.9m and spending of $941k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.9m (+21%), an average of +4.8% a year. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Old Crescent Insurance Company 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 89th percentile, and in the 88th percentile within VT. Charities of a similar size with the same main cause include Jewish Culture High School Inc ($2.9m), Big Brothers-Big Sisters of Utah Inc ($2.9m) and South Side Academy Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $20.0m against liabilities of $8.5m, net assets of $11.5m.