Cruden Bay Risk Retention Group Inc

Analysis

Cruden Bay Risk Retention Group Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in March 2005, 21 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, Cruden Bay Risk Retention Group Inc reported income of $6.2m and spending of $6.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $6.2m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cruden Bay Risk Retention Group Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include David M Crowley Foundation ($6.2m), The Santa Barbara Ventura College O F Law ($6.2m) and National Credit Union Foundation Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 60% of the total. At year end it held assets of $18.3m against liabilities of $16.4m, net assets of $1.9m.