International Insurance Society Inc

Analysis

International Insurance Society Inc is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in July 1969, 57 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, International Insurance Society Inc reported income of $1.3m and spending of $2.4m, spending 177% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $161k to $1.3m (+726%), an average of +53% a year. The sharpest change came in the year to December 2019, when income rose by 865%. Over the whole period it spent 215% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Insurance Society Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include St Marys Hospital Memorial Foundation ($1.3m), Ohio Amvets Charities ($1.3m) and Anishinabe Legal Service Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $652k against liabilities of $5.7m, net assets of -$5.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.