Insurance Regulator Education Foundation

Analysis

Insurance Regulator Education Foundation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Insurance Regulator Education Foundation reported income of $51k and spending of $60k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $51k (+0.4%), an average of +0.4% a year. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Insurance Regulator Education Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Frances J Bright Womans Club Charitable Foundation ($51k), Northwest Community Consortium Inc ($51k) and Lake Chelan Health and Wellness Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.