Guaranty Association Benefits Company
EIN: 453635388 · Washington, DC · NTEE: S41
Is Guaranty Association Benefits Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Guaranty Association Benefits Company
Guaranty Association Benefits Company (EIN: 453635388) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $2.3B and total assets of $1.3B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Guaranty Association Benefits Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Guaranty Association Benefits Company is a major nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59.1M |
| Total Expenses | $51.9M |
| Surplus / Deficit | +$7.2M |
| Total Assets | $1.4B |
| Total Liabilities | $1.2B |
| Net Assets | $145.7M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 89.3% |
| Months of Reserves | 316.1 months |
Financial Health Grade: A
In 2023, Guaranty Association Benefits Company reported a surplus of $7.2M with revenue exceeding expenses, holds 316.1 months of operating reserves (strong position), has a debt-to-asset ratio of 89.3% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Guaranty Association Benefits Company's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +15.9% | -9.9% |
| 2022 | +0.9% | -0.7% | -10.0% |
| 2021 | -10.8% | -3.3% | +2.0% |
| 2020 | -4.9% | -18.8% | +5.8% |
| 2019 | +4.4% | +0.8% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Guaranty Association Benefits Company 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 Guaranty Association Benefits Company 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 surplus of $7.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.3%.
Frequently Asked Questions about Guaranty Association Benefits Company
Is Guaranty Association Benefits Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Guaranty Association Benefits Company (EIN: 453635388) insufficient data. 0 red flags identified, 0 strengths noted.
How does Guaranty Association Benefits Company spend its money?
Detailed spending breakdown data is not yet available for Guaranty Association Benefits Company. Check back for updated IRS 990 analysis.
Are donations to Guaranty Association Benefits Company tax-deductible?
Guaranty Association Benefits Company is registered as a tax-exempt nonprofit (EIN: 453635388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Guaranty Association Benefits Company showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Guaranty Association Benefits Company's revenue has declined by 55.1%, moving from $131.6M to $59.1M. Total assets decreased by 12.7% over the same period, from $1.6B to $1.4B. Total functional expenses fell by 32.9%, from $77.4M to $51.9M. In its most recent filing year (2023), Guaranty Association Benefits Company reported a surplus of $7.2M, with revenue exceeding expenses. The organization holds $1.2B in liabilities against $1.4B in assets (debt-to-asset ratio: 89.3%), resulting in net assets of $145.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59.1M | $51.9M | $1.4B | $1.2B | — | View 990 |
| 2022 | $54.8M | $44.8M | $1.5B | $1.4B | — | View 990 |
| 2021 | $54.2M | $45.1M | $1.7B | $1.6B | — | View 990 |
| 2020 | $60.8M | $46.7M | $1.7B | $1.5B | — | — |
| 2019 | $64.0M | $57.5M | $1.6B | $1.5B | — | View 990 |
| 2018 | $61.2M | $57.0M | $1.5B | $1.4B | — | View 990 |
| 2017 | $64.2M | $62.9M | $1.5B | $1.5B | — | View 990 |
| 2016 | $66.6M | $69.1M | $1.5B | $1.4B | — | View 990 |
| 2015 | $96.7M | $79.0M | $1.5B | $1.4B | — | View 990 |
| 2014 | $131.6M | $77.4M | $1.6B | $1.4B | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59.1M, expenses of $51.9M, and assets of $1.4B (revenue +8.0% year-over-year).
- 2022: Revenue of $54.8M, expenses of $44.8M, and assets of $1.5B (revenue +0.9% year-over-year).
- 2021: Revenue of $54.2M, expenses of $45.1M, and assets of $1.7B (revenue -10.8% year-over-year).
- 2020: Revenue of $60.8M, expenses of $46.7M, and assets of $1.7B (revenue -4.9% year-over-year).
- 2019: Revenue of $64.0M, expenses of $57.5M, and assets of $1.6B (revenue +4.4% year-over-year).
- 2018: Revenue of $61.2M, expenses of $57.0M, and assets of $1.5B (revenue -4.7% year-over-year).
- 2017: Revenue of $64.2M, expenses of $62.9M, and assets of $1.5B (revenue -3.6% year-over-year).
- 2016: Revenue of $66.6M, expenses of $69.1M, and assets of $1.5B (revenue -31.1% year-over-year).
- 2015: Revenue of $96.7M, expenses of $79.0M, and assets of $1.5B (revenue -26.6% year-over-year).
- 2014: Revenue of $131.6M, expenses of $77.4M, and assets of $1.6B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Guaranty Association Benefits Company:
Data Sources and Methodology
This transparency report for Guaranty Association Benefits Company 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.