Associated Health Assurance Ltd

Analysis

Associated Health Assurance Ltd is a registered charity in United States, based in Robbinsdale, MN. It received its IRS tax-exemption ruling in April 2001, 25 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 November 2023, Associated Health Assurance Ltd reported income of $4.4m and spending of $5.0m, spending 113% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $4.6m to $4.4m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to November 2020, when income dropped by 17%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Associated Health Assurance Ltd sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Kestrel Institute ($4.4m), Beulah Heights University Incorporated ($4.4m) and The University of Illinois Alumni Association ($4.4m).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $5,000 (0.1% of expenses). At year end it held assets of $13.5m against liabilities of $9.5m, net assets of $4.0m.