Terrafirma Risk Retention Group LLC

Analysis

Terrafirma Risk Retention Group LLC is a registered charity in United States, based in Williston, VT. It received its IRS tax-exemption ruling in May 2012, 14 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, Terrafirma Risk Retention Group LLC reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terrafirma Risk Retention Group LLC sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within VT. Charities of a similar size with the same main cause include Great Lakes Historical Society ($2.4m), Amen House Inc ($2.4m) and Michigan Barber School Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 86% of the total. At year end it held assets of $13.5m against liabilities of $5.4m, net assets of $8.1m.