Sutter Insurance Services Corporation

Analysis

Sutter Insurance Services Corporation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in May 1993, 33 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, Sutter Insurance Services Corporation reported income of $109.5m and spending of $79.5m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87.8m to $109.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sutter Insurance Services Corporation 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 100th percentile within HI. Charities of a similar size with the same main cause include Institute of Nuclear Power Operations ($109.4m), The Thresholds ($109.8m) and Oregon Food Bank Inc ($109.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $394.3m against liabilities of $232.9m, net assets of $161.4m.