Windstorm Insurance Network Inc

Analysis

Windstorm Insurance Network Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Windstorm Insurance Network Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $1.1m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Windstorm Insurance Network Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Newcorp Inc ($1.1m), International Caterers Association Educational Foundation ($1.1m) and Uptown Columbus Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.0% and program service revenue 88% of the total. At year end it held assets of $937k against liabilities of $75k, net assets of $862k.