Insulin for Life USA Inc

Analysis

Insulin for Life USA Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Insulin for Life USA Inc reported income of $8.7m and spending of $11.1m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $8.7m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Insulin for Life USA Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Witness Inc ($8.7m), Strongminds Inc ($8.7m) and Dalberg Catalyst ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $170k. At year end it held assets of $6.7m against liabilities of $9,200, net assets of $6.7m. It reported 5 employees.