Hamden Assurance Risk Retention Group Inc

Analysis

Hamden Assurance Risk Retention Group Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in June 2007, 19 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, Hamden Assurance Risk Retention Group Inc reported income of $990k and spending of $911k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $654k to $990k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hamden Assurance Risk Retention Group Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within VT. Charities of a similar size with the same main cause include Bear Creek Development Center Inc ($990k), Grand Prairie United Charities Inc ($990k) and Lew Wentz Foundation ($990k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $109.9m against liabilities of $109.8m, net assets of $50k.