Assurance for Life Inc

Analysis

Assurance for Life Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Assurance for Life Inc reported income of $796k and spending of $913k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $796k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Assurance for Life Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Legal Assistance of Olmsted County ($794k), Normal Anomaly Initiative Inc ($796k) and Center for Asian Americans United for Self-Empowerment Inc ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $599k. At year end it held assets of $811k against liabilities of $0, net assets of $811k. It reported 18 employees.