Insurance Marketing Communications Assn
EIN: 362803022 · Indianapolis, IN
| Metric | Value |
|---|---|
| Total Revenue | $440K |
| Total Expenses | $292K |
| Net Assets | $84K |
Is Insurance Marketing Communications Assn Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Insurance Marketing Communications Assn
Insurance Marketing Communications Assn (EIN: 362803022) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $440K and total assets of $163K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insurance Marketing Communications Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Insurance Marketing Communications Assn is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $375K |
| Total Expenses | $292K |
| Surplus / Deficit | +$83K |
| Total Assets | $104K |
| Total Liabilities | $19K |
| Net Assets | $84K |
| Operating Margin | 22.2% |
| Debt-to-Asset Ratio | 18.6% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Insurance Marketing Communications Assn reported a surplus of $83K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 18.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Insurance Marketing Communications Assn's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.0% | -1.8% | +1357.2% |
| 2022 | +43.5% | +47.7% | -83.6% |
| 2021 | +171.7% | +97.5% | -41.4% |
| 2020 | -72.8% | -68.7% | +108.9% |
| 2019 | -9.7% | +5.2% | -62.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Insurance Marketing Communications Assn 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 Insurance Marketing Communications Assn 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 $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.6%.
Frequently Asked Questions about Insurance Marketing Communications Assn
Is Insurance Marketing Communications Assn a legitimate charity?
Insurance Marketing Communications Assn (EIN: 362803022) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $440K. No red flags identified. Financial health grade: A.
How does Insurance Marketing Communications Assn spend its money?
Insurance Marketing Communications Assn reported $440K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Insurance Marketing Communications Assn tax-deductible?
Insurance Marketing Communications Assn is registered as a tax-exempt nonprofit (EIN: 362803022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Insurance Marketing Communications Assn located?
Insurance Marketing Communications Assn is headquartered in Indianapolis, Indiana and files with the IRS under EIN 362803022.
How many years of IRS 990 filings does Insurance Marketing Communications Assn have?
Insurance Marketing Communications Assn 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 $440K in total revenue.
Filing History
IRS 990 filing history for Insurance Marketing Communications Assn showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Insurance Marketing Communications Assn's revenue has grown by 102.3%, moving from $185K to $375K. Total assets increased by 474.9% over the same period, from $18K to $104K. Total functional expenses rose by 285.5%, from $76K to $292K. In its most recent filing year (2023), Insurance Marketing Communications Assn reported a surplus of $83K, with revenue exceeding expenses. The organization holds $19K in liabilities against $104K in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $84K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $375K | $292K | $104K | $19K | — | — |
| 2022 | $293K | $297K | $7K | $6K | — | View 990 |
| 2021 | $204K | $201K | $43K | $38K | — | View 990 |
| 2020 | $75K | $102K | $74K | $72K | — | View 990 |
| 2019 | $276K | $325K | $35K | $7K | — | View 990 |
| 2018 | $305K | $309K | $95K | $17K | — | View 990 |
| 2017 | $327K | $289K | $92K | $10K | — | View 990 |
| 2016 | $297K | $283K | $44K | $0 | — | View 990 |
| 2015 | $287K | $274K | $30K | $0 | — | View 990 |
| 2014 | $290K | $270K | $41K | $0 | — | View 990 |
| 2013 | $285K | $300K | $21K | $0 | — | View 990 |
| 2012 | $266K | $249K | $35K | $0 | — | View 990 |
| 2011 | $185K | $76K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $375K, expenses of $292K, and assets of $104K (revenue +28.0% year-over-year).
- 2022: Revenue of $293K, expenses of $297K, and assets of $7K (revenue +43.5% year-over-year).
- 2021: Revenue of $204K, expenses of $201K, and assets of $43K (revenue +171.7% year-over-year).
- 2020: Revenue of $75K, expenses of $102K, and assets of $74K (revenue -72.8% year-over-year).
- 2019: Revenue of $276K, expenses of $325K, and assets of $35K (revenue -9.7% year-over-year).
- 2018: Revenue of $305K, expenses of $309K, and assets of $95K (revenue -6.6% year-over-year).
- 2017: Revenue of $327K, expenses of $289K, and assets of $92K (revenue +10.3% year-over-year).
- 2016: Revenue of $297K, expenses of $283K, and assets of $44K (revenue +3.3% year-over-year).
- 2015: Revenue of $287K, expenses of $274K, and assets of $30K (revenue -1.0% year-over-year).
- 2014: Revenue of $290K, expenses of $270K, and assets of $41K (revenue +1.8% year-over-year).
- 2013: Revenue of $285K, expenses of $300K, and assets of $21K (revenue +7.1% year-over-year).
- 2012: Revenue of $266K, expenses of $249K, and assets of $35K (revenue +43.6% year-over-year).
- 2011: Revenue of $185K, expenses of $76K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Insurance Marketing Communications Assn:
Data Sources and Methodology
This transparency report for Insurance Marketing Communications Assn 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.