Insurance Information Institute Inc
Insurance Information Institute Inc. faces significant and sustained operating deficits with rapidly declining assets.
EIN: 131912455 · Malvern, PA · Updated: 2026-03-28
Is Insurance Information Institute Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Insurance Information Institute Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Insurance Information Institute Inc
Insurance Information Institute Inc (EIN: 131912455) is a nonprofit organization based in Malvern, PA. The organization reported total revenue of $5.9M and total assets of $236K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insurance Information Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Insurance Information Institute Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Insurance Information Institute Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a strong positive for transparency and resource allocation.
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 Insurance Information Institute Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $2.5M deficit in 2023).
- Dramatic decline in total assets (from $18.3M in 2015 to $0.15M in 2023).
- Increasing liabilities in recent years ($3.77M in 2023 from $0.04M in 2021).
- Declining revenue trend over the past decade.
- Negative net assets in recent periods (Liabilities $3.77M vs Assets $0.15M in 2023).
Strengths
The following positive indicators were identified for Insurance Information Institute Inc:
- Consistent reporting of 0% officer compensation, indicating transparency in executive pay.
- Long filing history (13 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Insurance Information Institute Inc
Is Insurance Information Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Insurance Information Institute Inc (EIN: 131912455) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does Insurance Information Institute Inc spend its money?
Insurance Information Institute Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Insurance Information Institute Inc tax-deductible?
Insurance Information Institute Inc is registered as a tax-exempt nonprofit (EIN: 131912455). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Insurance Information Institute Inc. financially sustainable?
Based on the consistent operating deficits (e.g., $8.6M expenses vs. $6.1M revenue in 2023) and the sharp decline in assets from $18.3M in 2015 to $0.15M in 2023, the organization's financial sustainability is highly questionable.
Why have the assets decreased so dramatically?
The significant decrease in assets, from over $18 million in 2015 to $153,281 in 2023, is likely due to the organization consistently spending more than it earns, drawing down reserves to cover operational shortfalls.
What is the trend in the organization's revenue?
The organization's revenue has been on a downward trend, decreasing from a peak of $9,545,189 in 2015 to $6,096,354 in 2023, indicating a shrinking financial base.
How does the organization cover its expenses with consistent deficits?
The organization has been covering its expenses by drawing down its asset reserves, as evidenced by the dramatic decrease in assets over the past decade while expenses consistently exceeded revenue.
Is the 0% officer compensation accurate?
The IRS 990 filings consistently report 0% officer compensation, which, if accurate, indicates that no compensation was paid to officers, directors, trustees, or key employees. This is a positive transparency indicator, but it's important to verify if any related party transactions or other forms of indirect compensation exist outside of this reporting.
Filing History
IRS 990 filing history for Insurance Information Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Insurance Information Institute Inc's revenue has declined by 31.7%, moving from $8.9M to $6.1M. Total assets decreased by 98.9% over the same period, from $13.3M to $153K. Total functional expenses rose by 13.1%, from $7.6M to $8.6M. In its most recent filing year (2023), Insurance Information Institute Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $153K in assets (debt-to-asset ratio: 2462.1%), resulting in net assets of $-3,620,650.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $8.6M | $153K | $3.8M | — | — |
| 2022 | $6.8M | $8.8M | $205K | $1.3M | — | — |
| 2021 | $7.6M | $9.6M | $970K | $43K | — | View 990 |
| 2020 | $9.3M | $15.0M | $3.0M | $57K | — | View 990 |
| 2019 | $8.9M | $10.4M | $13.1M | $4.5M | — | — |
| 2018 | $9.1M | $10.2M | $16.2M | $6.3M | — | View 990 |
| 2017 | $8.9M | $9.8M | $17.8M | $6.7M | — | View 990 |
| 2016 | $9.3M | $11.1M | $18.0M | $7.8M | — | View 990 |
| 2015 | $9.5M | $8.4M | $18.3M | $7.1M | — | View 990 |
| 2014 | $9.4M | $8.3M | $17.0M | $8.6M | — | View 990 |
| 2013 | $9.1M | $7.7M | $15.8M | $6.0M | — | View 990 |
| 2012 | $8.8M | $7.9M | $14.5M | $9.5M | — | View 990 |
| 2011 | $8.9M | $7.6M | $13.3M | $8.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $8.6M, and assets of $153K (revenue -9.7% year-over-year).
- 2022: Revenue of $6.8M, expenses of $8.8M, and assets of $205K (revenue -10.6% year-over-year).
- 2021: Revenue of $7.6M, expenses of $9.6M, and assets of $970K (revenue -18.8% year-over-year).
- 2020: Revenue of $9.3M, expenses of $15.0M, and assets of $3.0M (revenue +4.8% year-over-year).
- 2019: Revenue of $8.9M, expenses of $10.4M, and assets of $13.1M (revenue -2.9% year-over-year).
- 2018: Revenue of $9.1M, expenses of $10.2M, and assets of $16.2M (revenue +2.3% year-over-year).
- 2017: Revenue of $8.9M, expenses of $9.8M, and assets of $17.8M (revenue -4.2% year-over-year).
- 2016: Revenue of $9.3M, expenses of $11.1M, and assets of $18.0M (revenue -2.4% year-over-year).
- 2015: Revenue of $9.5M, expenses of $8.4M, and assets of $18.3M (revenue +1.8% year-over-year).
- 2014: Revenue of $9.4M, expenses of $8.3M, and assets of $17.0M (revenue +3.1% year-over-year).
- 2013: Revenue of $9.1M, expenses of $7.7M, and assets of $15.8M (revenue +3.4% year-over-year).
- 2012: Revenue of $8.8M, expenses of $7.9M, and assets of $14.5M (revenue -1.5% year-over-year).
- 2011: Revenue of $8.9M, expenses of $7.6M, and assets of $13.3M.
Data Sources and Methodology
This transparency report for Insurance Information Institute 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.