RVC Insurance Company Inc

Analysis

RVC Insurance Company Inc is a registered charity in United States, based in Rockville Ctr, NY. It received its IRS tax-exemption ruling in January 2009, 17 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 December 2023, RVC Insurance Company Inc reported income of $30.8m and spending of $51.9m, spending 169% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $27.2m to $30.8m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2019, when income rose by 30%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, RVC Insurance Company Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Carestl Health ($30.7m), The Learning Center for the Deaf Inc ($30.8m) and Boys & Girls Clubs of Puerto Rico Inc ($30.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $368.0m against liabilities of $272.2m, net assets of $95.8m.