Security Mutual Life Insurance Company Flood Relief Charitable TR

Analysis

Security Mutual Life Insurance Company Flood Relief Charitable TR is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in February 2012, 14 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 (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, Security Mutual Life Insurance Company Flood Relief Charitable TR reported income of $486k and spending of $335k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $486k (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Security Mutual Life Insurance Company Flood Relief Charitable TR sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Nathan Yip Foundation ($486k), University of Guadalajara Foundation in the United States of ($486k) and Raymond C Rude Supporting Foundation ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $715k against liabilities of $24k, net assets of $691k.