Insight Seminars Inc

Analysis

Insight Seminars Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Insight Seminars Inc reported income of $676k and spending of $659k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $994k to $676k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Insight Seminars Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include White County Child Development Inc ($675k), Healing the Culture ($676k) and Illinois Mental Health Counselors Association ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $102k (15% of expenses). Other salaries and wages came to $97k. At year end it held assets of $922k against liabilities of $343k, net assets of $579k. It reported 3 employees.