Assurance For Life Inc
EIN: 311118102 · Lexington, KY · NTEE: R620
| Metric | Value |
|---|---|
| Total Revenue | $847K |
| Total Expenses | $913K |
| Net Assets | $811K |
Is Assurance For Life Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Assurance For Life Inc
Assurance For Life Inc (EIN: 311118102) is a nonprofit organization based in Lexington, KY, classified under NTEE code R620. The organization reported total revenue of $847K and total assets of $650K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Assurance For Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Assurance For Life Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $796K |
| Total Expenses | $913K |
| Surplus / Deficit | $-117,544 |
| Total Assets | $811K |
| Net Assets | $811K |
| Operating Margin | -14.8% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Assurance For Life Inc reported a deficit of $118K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Assurance For Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +18.0% | -12.7% |
| 2022 | +25.8% | +16.3% | +9.3% |
| 2021 | -28.6% | +14.3% | +1.4% |
| 2020 | +50.9% | -2.3% | +77.9% |
| 2019 | +13.4% | +8.7% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Assurance For Life Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Assurance For Life Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118K, with expenses exceeding revenue.
Frequently Asked Questions about Assurance For Life Inc
Is Assurance For Life Inc a legitimate charity?
Assurance For Life Inc (EIN: 311118102) is a registered tax-exempt nonprofit based in Kentucky. It has 13 years of IRS 990 filings on record. Total revenue: $847K. No red flags identified. Financial health grade: B.
How does Assurance For Life Inc spend its money?
Assurance For Life Inc reported $847K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Assurance For Life Inc tax-deductible?
Assurance For Life Inc is registered as a tax-exempt nonprofit (EIN: 311118102). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Assurance For Life Inc located?
Assurance For Life Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 311118102. It is classified under NTEE code R620.
How many years of IRS 990 filings does Assurance For Life Inc have?
Assurance For Life Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $847K in total revenue.
Filing History
IRS 990 filing history for Assurance For Life Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Assurance For Life Inc's revenue has grown by 105.2%, moving from $388K to $796K. Total assets increased by 251.8% over the same period, from $231K to $811K. Total functional expenses rose by 157.2%, from $355K to $913K. In its most recent filing year (2023), Assurance For Life Inc reported a deficit of $118K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $796K | $913K | $811K | $0 | — | View 990 |
| 2022 | $853K | $774K | $929K | $0 | — | View 990 |
| 2021 | $678K | $666K | $850K | $0 | — | View 990 |
| 2020 | $949K | $583K | $837K | $0 | — | View 990 |
| 2019 | $629K | $596K | $471K | $0 | — | View 990 |
| 2018 | $555K | $549K | $449K | $0 | — | View 990 |
| 2017 | $575K | $552K | $443K | $1K | — | View 990 |
| 2016 | $600K | $492K | $539K | $121K | — | View 990 |
| 2015 | $506K | $457K | $435K | $125K | — | View 990 |
| 2014 | $498K | $499K | $390K | $129K | — | View 990 |
| 2013 | $469K | $479K | $400K | $138K | — | View 990 |
| 2012 | $478K | $429K | $417K | $144K | — | View 990 |
| 2011 | $388K | $355K | $231K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $796K, expenses of $913K, and assets of $811K (revenue -6.7% year-over-year).
- 2022: Revenue of $853K, expenses of $774K, and assets of $929K (revenue +25.8% year-over-year).
- 2021: Revenue of $678K, expenses of $666K, and assets of $850K (revenue -28.6% year-over-year).
- 2020: Revenue of $949K, expenses of $583K, and assets of $837K (revenue +50.9% year-over-year).
- 2019: Revenue of $629K, expenses of $596K, and assets of $471K (revenue +13.4% year-over-year).
- 2018: Revenue of $555K, expenses of $549K, and assets of $449K (revenue -3.5% year-over-year).
- 2017: Revenue of $575K, expenses of $552K, and assets of $443K (revenue -4.1% year-over-year).
- 2016: Revenue of $600K, expenses of $492K, and assets of $539K (revenue +18.5% year-over-year).
- 2015: Revenue of $506K, expenses of $457K, and assets of $435K (revenue +1.6% year-over-year).
- 2014: Revenue of $498K, expenses of $499K, and assets of $390K (revenue +6.2% year-over-year).
- 2013: Revenue of $469K, expenses of $479K, and assets of $400K (revenue -1.8% year-over-year).
- 2012: Revenue of $478K, expenses of $429K, and assets of $417K (revenue +23.1% year-over-year).
- 2011: Revenue of $388K, expenses of $355K, and assets of $231K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Assurance For Life Inc:
Data Sources and Methodology
This transparency report for Assurance For Life Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.