M3 Insurance Foundation Inc

Analysis

M3 Insurance Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2016, 10 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, M3 Insurance Foundation Inc reported income of $479k and spending of $329k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $479k (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, M3 Insurance Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Greater Pike Community Foundation ($479k), Friends of the Center of the Syrian and Lebanese Traditions ($479k) and Vnu Foundation ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $929k against liabilities of $465k, net assets of $464k.