Paradigm Indemnity Corporation

Analysis

Paradigm Indemnity Corporation is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paradigm Indemnity Corporation reported income of $12.9m and spending of $10.3m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $12.9m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paradigm Indemnity Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Careresource Hawaii ($12.9m), Pacific Autism Center of Education ($12.9m) and Young Mens Christian Association of Greater Michiana Inc ($12.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $58.4m against liabilities of $18.7m, net assets of $39.7m.