American Risk & Insurance Assn Inc

Analysis

American Risk & Insurance Assn Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1965, 61 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Risk & Insurance Assn Inc reported income of $441k and spending of $547k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $632k to $441k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Risk & Insurance Assn Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Multiple Sclerosis Handicapped Housing Inc ($441k), Veterans Entrepreneurship Initiative ($441k) and Ichf Foundation ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 64% of the total. At year end it held assets of $895k against liabilities of $60k, net assets of $835k.