Municipal Risk Management Inc

Analysis

Municipal Risk Management Inc is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Municipal Risk Management Inc reported income of $1.6m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.6m (+3.3%), an average of +0.8% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Municipal Risk Management Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Fighter Country Foundation Inc ($1.6m), Trinity Worship Center of Burlington Inc ($1.6m) and Lyons Emergency Assistance Fund Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $319k (22% of expenses). Other salaries and wages came to $270k. At year end it held assets of $2.1m against liabilities of $1,526, net assets of $2.1m. It reported 9 employees.