Federated Insurance Foundation Inc

Analysis

Federated Insurance Foundation Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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, Federated Insurance Foundation Inc reported income of $4.2m and spending of $4.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.2m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Federated Insurance Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Pacific Crest Montessori School ($4.2m), Boy Scouts of America ($4.2m) and Fay Biccard Glick Neighborhood Center at Crooked Creek ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.