Independent Insurance Agents And Brokers Of America Inc
Independent Insurance Agents And Brokers Of America Inc shows stable assets but experienced a deficit in its latest fiscal period.
EIN: 135665571 · Fredericksbrg, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.3M |
| Total Expenses | $13.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $13.3 |
| Net Assets | $25.3M |
| Transparency Score | 70/100 |
Is Independent Insurance Agents And Brokers Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Insurance Agents And Brokers Of America Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Insurance Agents And Brokers Of America Inc
Independent Insurance Agents And Brokers Of America Inc (EIN: 135665571) is a nonprofit organization based in Fredericksbrg, VA. The organization reported total revenue of $13.3M and total assets of $29.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Insurance Agents And Brokers Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Insurance Agents And Brokers Of America Inc is a large nonprofit that has been operating for 87 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $13.0M |
| Surplus / Deficit | $-1,080,906 |
| Total Assets | $28.8M |
| Total Liabilities | $3.5M |
| Net Assets | $25.3M |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 12.0% |
| Months of Reserves | 26.6 months |
Financial Health Grade: B
In 2023, Independent Insurance Agents And Brokers Of America Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 26.6 months of operating reserves (strong position), has a debt-to-asset ratio of 12.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Insurance Agents And Brokers Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.2% | -1.4% | +0.6% |
| 2022 | +4.2% | +22.5% | -5.4% |
| 2021 | +17.8% | +6.4% | +8.1% |
| 2020 | +13.2% | +3.6% | -2.6% |
| 2019 | -7.1% | -5.5% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1939 |
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 Independent Insurance Agents And Brokers Of America Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Independent Insurance Agents And Brokers Of America Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.0%.
Executive Compensation Analysis
The reported officer compensation is consistently 0% across all available filings, which is unusual for an organization of this size with $13.3 million in latest revenue and $29.2 million in assets. This suggests either that officers are not compensated, or their compensation is categorized differently within the IRS 990, requiring further scrutiny for full transparency.
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 Independent Insurance Agents And Brokers Of America Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how leadership is compensated.
- Expenses ($12,988,717) exceeded revenue ($11,907,811) in the latest fiscal period (202308), indicating a deficit for that year.
Strengths
The following positive indicators were identified for Independent Insurance Agents And Brokers Of America Inc:
- Maintains a strong and stable asset base, consistently around $28-30 million, indicating financial resilience.
- Liabilities remain a relatively small proportion of assets, suggesting good financial management and low debt burden.
- Historically, revenues have generally covered or exceeded expenses, demonstrating sound financial operations in most periods.
Frequently Asked Questions about Independent Insurance Agents And Brokers Of America Inc
Is Independent Insurance Agents And Brokers Of America Inc a legitimate charity?
Independent Insurance Agents And Brokers Of America Inc (EIN: 135665571) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Independent Insurance Agents And Brokers Of America Inc spend its money?
Independent Insurance Agents And Brokers Of America Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Independent Insurance Agents And Brokers Of America Inc tax-deductible?
Independent Insurance Agents And Brokers Of America Inc is registered as a tax-exempt nonprofit (EIN: 135665571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Independent Insurance Agents And Brokers Of America Inc CEO make?
Independent Insurance Agents And Brokers Of America Inc's highest-compensated officer earns $13.3 annually. The organization reported $13.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Independent Insurance Agents And Brokers Of America Inc's spending goes to programs?
Independent Insurance Agents And Brokers Of America Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Independent Insurance Agents And Brokers Of America Inc located?
Independent Insurance Agents And Brokers Of America Inc is headquartered in Fredericksbrg, Virginia and files with the IRS under EIN 135665571.
How many years of IRS 990 filings does Independent Insurance Agents And Brokers Of America Inc have?
Independent Insurance Agents And Brokers Of America 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 $13.3M in total revenue.
How is executive leadership compensated if 'Officer Comp' is consistently reported as 0%?
The IRS 990 filings consistently show 0% for officer compensation. This could mean that officers are uncompensated, or their compensation is reported under different expense categories, such as salaries and wages for employees, rather than specifically as officer compensation. Further review of the detailed expense breakdown in the full 990 form would be necessary to clarify this.
What caused the deficit in the 202308 fiscal period?
In the 202308 period, the organization reported revenues of $11,907,811 and expenses of $12,988,717, resulting in a deficit of $1,080,906. The specific reasons for this increase in expenses relative to revenue would require a detailed analysis of the expense categories in the full 990 form for that period.
Is the organization's asset base growing or shrinking?
The organization's assets have fluctuated but remained relatively stable over the past decade, generally in the $28-30 million range. For example, assets were $30,236,166 in 202108 and $28,779,460 in 202308, indicating a slight decrease in the most recent period but overall stability.
Filing History
IRS 990 filing history for Independent Insurance Agents And Brokers Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Insurance Agents And Brokers Of America Inc's revenue has grown by 13.8%, moving from $10.5M to $11.9M. Total assets decreased by 13.9% over the same period, from $33.4M to $28.8M. Total functional expenses rose by 34.5%, from $9.7M to $13.0M. In its most recent filing year (2023), Independent Insurance Agents And Brokers Of America Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $28.8M in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $25.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.9M | $13.0M | $28.8M | $3.5M | — | — |
| 2022 | $13.4M | $13.2M | $28.6M | $3.0M | — | View 990 |
| 2021 | $12.9M | $10.8M | $30.2M | $3.0M | — | View 990 |
| 2020 | $10.9M | $10.1M | $28.0M | $3.1M | — | — |
| 2019 | $9.7M | $9.8M | $28.7M | $2.9M | — | View 990 |
| 2018 | $10.4M | $10.3M | $28.2M | $2.6M | — | View 990 |
| 2017 | $10.4M | $9.7M | $28.3M | $3.3M | — | View 990 |
| 2016 | $9.3M | $9.4M | $26.0M | $3.1M | — | View 990 |
| 2015 | $10.1M | $9.8M | $23.8M | $2.9M | — | View 990 |
| 2014 | $10.0M | $9.9M | $26.6M | $3.1M | — | View 990 |
| 2013 | $9.7M | $10.2M | $26.5M | $2.4M | — | View 990 |
| 2012 | $10.1M | $10.1M | $25.7M | $1.9M | — | View 990 |
| 2011 | $10.5M | $9.7M | $33.4M | $10.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.9M, expenses of $13.0M, and assets of $28.8M (revenue -11.2% year-over-year).
- 2022: Revenue of $13.4M, expenses of $13.2M, and assets of $28.6M (revenue +4.2% year-over-year).
- 2021: Revenue of $12.9M, expenses of $10.8M, and assets of $30.2M (revenue +17.8% year-over-year).
- 2020: Revenue of $10.9M, expenses of $10.1M, and assets of $28.0M (revenue +13.2% year-over-year).
- 2019: Revenue of $9.7M, expenses of $9.8M, and assets of $28.7M (revenue -7.1% year-over-year).
- 2018: Revenue of $10.4M, expenses of $10.3M, and assets of $28.2M (revenue +0.4% year-over-year).
- 2017: Revenue of $10.4M, expenses of $9.7M, and assets of $28.3M (revenue +10.9% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.4M, and assets of $26.0M (revenue -8.0% year-over-year).
- 2015: Revenue of $10.1M, expenses of $9.8M, and assets of $23.8M (revenue +1.3% year-over-year).
- 2014: Revenue of $10.0M, expenses of $9.9M, and assets of $26.6M (revenue +3.0% year-over-year).
- 2013: Revenue of $9.7M, expenses of $10.2M, and assets of $26.5M (revenue -3.9% year-over-year).
- 2012: Revenue of $10.1M, expenses of $10.1M, and assets of $25.7M (revenue -3.3% year-over-year).
- 2011: Revenue of $10.5M, expenses of $9.7M, and assets of $33.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Insurance Agents And Brokers Of America Inc:
Data Sources and Methodology
This transparency report for Independent Insurance Agents And Brokers Of America 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.