Global Associations Of Risk Proffesionals Inc
Global Associations Of Risk Professionals Inc consistently generates surpluses and reports 0% officer compensation.
EIN: 20571577 · Jersey City, NJ · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.0M |
| Total Expenses | $42.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $48.4 |
| Net Assets | $42.0M |
| Transparency Score | 95/100 |
Is Global Associations Of Risk Proffesionals Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Global Associations Of Risk Proffesionals Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Global Associations Of Risk Proffesionals Inc
Global Associations Of Risk Proffesionals Inc (EIN: 20571577) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code S41. The organization reported total revenue of $45.0M and total assets of $61.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Associations Of Risk Proffesionals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Associations Of Risk Proffesionals Inc is a large nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.5M |
| Total Expenses | $42.7M |
| Surplus / Deficit | +$5.8M |
| Total Assets | $65.5M |
| Total Liabilities | $23.5M |
| Net Assets | $42.0M |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 35.9% |
| Months of Reserves | 18.4 months |
Financial Health Grade: A
In 2023, Global Associations Of Risk Proffesionals Inc reported a surplus of $5.8M with revenue exceeding expenses, holds 18.4 months of operating reserves (strong position), has a debt-to-asset ratio of 35.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Global Associations Of Risk Proffesionals Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.8% | +0.4% | +1.7% |
| 2022 | -22.6% | -10.6% | -3.8% |
| 2021 | +65.4% | +3.8% | +11.3% |
| 2020 | -29.5% | +10.4% | -0.1% |
| 2019 | +10.8% | +19.5% | +27.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Global Associations Of Risk Proffesionals Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Global Associations Of Risk Proffesionals Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated by the organization, which is highly unusual for an organization of this size with revenues reaching $48.4 million in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Global Associations Of Risk Proffesionals Inc's IRS 990 filings:
- No specific red flags identified based on the provided financial data; 0% officer compensation is unusual but not a red flag in itself.
Strengths
The following positive indicators were identified for Global Associations Of Risk Proffesionals Inc:
- Consistent revenue growth, from $25.9M in 2014 to $48.4M in 2023.
- Strong asset growth, from $25.9M in 2014 to $65.4M in 2023.
- Consistent operating surpluses, with revenues generally exceeding expenses.
- Reported 0% officer compensation across all filings, indicating strong financial stewardship.
- Manageable liabilities relative to assets, demonstrating financial stability.
Frequently Asked Questions about Global Associations Of Risk Proffesionals Inc
Is Global Associations Of Risk Proffesionals Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Associations Of Risk Proffesionals Inc (EIN: 20571577) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Global Associations Of Risk Proffesionals Inc spend its money?
Global Associations Of Risk Proffesionals Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Global Associations Of Risk Proffesionals Inc tax-deductible?
Global Associations Of Risk Proffesionals Inc is registered as a tax-exempt nonprofit (EIN: 20571577). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Global Associations Of Risk Proffesionals Inc CEO make?
Global Associations Of Risk Proffesionals Inc's highest-compensated officer earns $48.4 annually. The organization reported $45.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Global Associations Of Risk Proffesionals Inc's spending goes to programs?
Global Associations Of Risk Proffesionals Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Global Associations Of Risk Proffesionals Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Global Associations Of Risk Proffesionals Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Global Associations Of Risk Proffesionals Inc located?
Global Associations Of Risk Proffesionals Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 20571577. It is classified under NTEE code S41.
How many years of IRS 990 filings does Global Associations Of Risk Proffesionals Inc have?
Global Associations Of Risk Proffesionals Inc has 14 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 $45.0M in total revenue.
Is Global Associations Of Risk Professionals Inc a good charity?
Based on the available financial data, GARP appears to be a very well-managed and financially healthy organization. Its consistent revenue growth, asset accumulation, and reported 0% officer compensation are strong indicators of good stewardship and a focus on its mission.
How has GARP's financial health changed over the past decade?
GARP has shown significant financial growth and stability over the past decade. Revenue increased from $25.9 million in 2014 to $48.4 million in 2023, and assets grew from $25.9 million to $65.4 million in the same period, demonstrating robust financial health.
What is the significance of 0% officer compensation?
The reported 0% officer compensation is highly significant. It suggests that the organization's top leadership is either volunteering their time or compensated through other means not directly reported as officer compensation on the 990, which is a strong indicator of dedication to the mission and efficient use of funds.
Filing History
IRS 990 filing history for Global Associations Of Risk Proffesionals Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Global Associations Of Risk Proffesionals Inc's revenue has grown by 170.3%, moving from $17.9M to $48.5M. Total assets increased by 311.6% over the same period, from $15.9M to $65.5M. Total functional expenses rose by 118.2%, from $19.6M to $42.7M. In its most recent filing year (2023), Global Associations Of Risk Proffesionals Inc reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $23.5M in liabilities against $65.5M in assets (debt-to-asset ratio: 35.9%), resulting in net assets of $42.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48.5M | $42.7M | $65.5M | $23.5M | — | — |
| 2022 | $42.6M | $42.5M | $64.4M | $28.8M | — | View 990 |
| 2021 | $55.1M | $47.6M | $66.9M | $21.9M | — | View 990 |
| 2020 | $33.3M | $45.8M | $60.1M | $24.3M | — | View 990 |
| 2019 | $47.2M | $41.5M | $60.1M | $16.2M | — | — |
| 2018 | $42.6M | $34.7M | $47.2M | $14.2M | — | View 990 |
| 2017 | $35.9M | $29.3M | $40.9M | $12.8M | — | View 990 |
| 2016 | $28.5M | $25.5M | $31.1M | $10.5M | — | View 990 |
| 2015 | $25.8M | $23.4M | $27.7M | $10.2M | — | View 990 |
| 2014 | $26.0M | $23.3M | $25.9M | $10.4M | — | View 990 |
| 2013 | $23.1M | $22.4M | $24.7M | $11.8M | — | View 990 |
| 2012 | $21.5M | $19.7M | $19.7M | $7.5M | — | View 990 |
| 2011 | $18.9M | $18.2M | $16.9M | $6.6M | — | View 990 |
| 2010 | $17.9M | $19.6M | $15.9M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.5M, expenses of $42.7M, and assets of $65.5M (revenue +13.8% year-over-year).
- 2022: Revenue of $42.6M, expenses of $42.5M, and assets of $64.4M (revenue -22.6% year-over-year).
- 2021: Revenue of $55.1M, expenses of $47.6M, and assets of $66.9M (revenue +65.4% year-over-year).
- 2020: Revenue of $33.3M, expenses of $45.8M, and assets of $60.1M (revenue -29.5% year-over-year).
- 2019: Revenue of $47.2M, expenses of $41.5M, and assets of $60.1M (revenue +10.8% year-over-year).
- 2018: Revenue of $42.6M, expenses of $34.7M, and assets of $47.2M (revenue +18.8% year-over-year).
- 2017: Revenue of $35.9M, expenses of $29.3M, and assets of $40.9M (revenue +25.9% year-over-year).
- 2016: Revenue of $28.5M, expenses of $25.5M, and assets of $31.1M (revenue +10.5% year-over-year).
- 2015: Revenue of $25.8M, expenses of $23.4M, and assets of $27.7M (revenue -0.7% year-over-year).
- 2014: Revenue of $26.0M, expenses of $23.3M, and assets of $25.9M (revenue +12.3% year-over-year).
- 2013: Revenue of $23.1M, expenses of $22.4M, and assets of $24.7M (revenue +7.8% year-over-year).
- 2012: Revenue of $21.5M, expenses of $19.7M, and assets of $19.7M (revenue +13.4% year-over-year).
- 2011: Revenue of $18.9M, expenses of $18.2M, and assets of $16.9M (revenue +5.5% year-over-year).
- 2010: Revenue of $17.9M, expenses of $19.6M, and assets of $15.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Associations Of Risk Proffesionals Inc:
Data Sources and Methodology
This transparency report for Global Associations Of Risk Proffesionals 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.