Insurance Legislators Foundation Inc

Analysis

Insurance Legislators Foundation Inc is a registered charity in United States, based in Belmar, NJ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover unknown, 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, Insurance Legislators Foundation Inc reported income of $214k and spending of $126k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $214k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Insurance Legislators Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Strasburg - Heisler Library ($214k), Institute for Educational Therapy ($214k) and Cincinnati Chamber Music Society ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.