Nonprofits Insurance Alliance of California

Analysis

Nonprofits Insurance Alliance of California is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Nonprofits Insurance Alliance of California reported income of $111.6m and spending of $130.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75.3m to $111.6m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nonprofits Insurance Alliance of California sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Oda Primary Health Care Network Inc ($111.5m), Bay Area Community Health ($112.2m) and Alvernia University ($110.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $464.5m against liabilities of $321.8m, net assets of $142.7m.