United Church Insurance Company Inc

Analysis

United Church Insurance Company Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2004, 22 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, United Church Insurance Company Inc reported income of $38.5m and spending of $50.6m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $27.0m to $38.5m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Church Insurance Company Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Acds Inc ($38.4m), High Watch Recovery Center Inc ($38.5m) and International Bureau of Fiscal Documentation ($38.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $57.0m against liabilities of $54.5m, net assets of $2.6m.