United Church Insurance Association

Analysis

United Church Insurance Association is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Church Insurance Association reported income of $79.2m and spending of $72.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52.8m to $79.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Church Insurance Association sits at the 99th 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 OH. Charities of a similar size with the same main cause include Baltimore Washington Healthcare Services Inc ($78.6m), Lifebanc ($79.3m) and Self-Help Services Corp ($78.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.2m (1.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $26.2m against liabilities of $12.2m, net assets of $14.0m. It reported 31 employees.