American Institute for Chartered Property Casualty Underwriters

Analysis

American Institute for Chartered Property Casualty Underwriters is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in May 1943, 83 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Institute for Chartered Property Casualty Underwriters reported income of $95.0m and spending of $81.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77.7m to $95.0m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Institute for Chartered Property Casualty Underwriters sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Florida Hospital Dade City Inc ($94.9m), Touro University ($95.3m) and New England Organ Bank Inc ($94.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $4.2m (5.1% of expenses). Other salaries and wages came to $27.0m. At year end it held assets of $321.3m against liabilities of $40.7m, net assets of $280.6m. It reported 302 employees.