Five Pointe Professional Liability Insurance Company

Analysis

Five Pointe Professional Liability Insurance Company is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 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, Five Pointe Professional Liability Insurance Company reported income of $135.4m and spending of $139.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.5m to $135.4m (+252%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 183%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Five Pointe Professional Liability Insurance Company sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Armstrong County Memorial Hospital ($135.2m), Luminis Health Inc ($135.4m) and Saint Francis Medical Center ($135.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $393.1m against liabilities of $320.0m, net assets of $73.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.