DMG Insurance Company Inc

Analysis

DMG Insurance Company Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, DMG Insurance Company Inc reported income of $5.1m and spending of $1.7m, leaving 67% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.0m to $5.1m (+67%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, DMG Insurance Company Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Cure Starts Now Inc ($5.1m), Huther-Doyle Memorial Institute Inc ($5.1m) and Association of Black Cardiologists ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. At year end it held assets of $29.3m against liabilities of $13.3m, net assets of $16.0m.