Insurance Society Of Philadelphia
EIN: 230724010 · Minneapolis, MN · NTEE: Y20Z
| Metric | Value |
|---|---|
| Total Revenue | $765K |
| Total Expenses | $415K |
| Net Assets | $1.5M |
Is Insurance Society Of Philadelphia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Insurance Society Of Philadelphia
Insurance Society Of Philadelphia (EIN: 230724010) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code Y20Z. The organization reported total revenue of $765K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insurance Society Of Philadelphia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Insurance Society Of Philadelphia is a small nonprofit that has been operating for 74 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $415K |
| Surplus / Deficit | $-111,485 |
| Total Assets | $1.6M |
| Total Liabilities | $63K |
| Net Assets | $1.5M |
| Operating Margin | -36.7% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 46.2 months |
Financial Health Grade: B
In 2023, Insurance Society Of Philadelphia reported a deficit of $111K with expenses exceeding revenue, holds 46.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Insurance Society Of Philadelphia's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.9% | -10.9% | -5.2% |
| 2022 | +273.7% | +52.1% | -8.6% |
| 2021 | -47.8% | -22.2% | -7.2% |
| 2020 | -66.7% | +165.5% | -7.8% |
| 2019 | +33.4% | -55.0% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Insurance Society Of Philadelphia 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 Society Of Philadelphia 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 deficit of $111K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Insurance Society Of Philadelphia
Is Insurance Society Of Philadelphia a legitimate charity?
Insurance Society Of Philadelphia (EIN: 230724010) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $765K. No red flags identified. Financial health grade: B.
How does Insurance Society Of Philadelphia spend its money?
Insurance Society Of Philadelphia reported $765K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Insurance Society Of Philadelphia tax-deductible?
Insurance Society Of Philadelphia is registered as a tax-exempt nonprofit (EIN: 230724010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Insurance Society Of Philadelphia located?
Insurance Society Of Philadelphia is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 230724010. It is classified under NTEE code Y20Z.
How many years of IRS 990 filings does Insurance Society Of Philadelphia have?
Insurance Society Of Philadelphia 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 $765K in total revenue.
Filing History
IRS 990 filing history for Insurance Society Of Philadelphia showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Insurance Society Of Philadelphia's revenue has declined by 68.2%, moving from $955K to $304K. Total assets decreased by 2.2% over the same period, from $1.6M to $1.6M. Total functional expenses fell by 58.2%, from $994K to $415K. In its most recent filing year (2023), Insurance Society Of Philadelphia reported a deficit of $111K, with expenses exceeding revenue. The organization holds $63K in liabilities against $1.6M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $304K | $415K | $1.6M | $63K | — | — |
| 2022 | $409K | $466K | $1.7M | $124K | — | View 990 |
| 2021 | $110K | $306K | $1.8M | $69K | — | View 990 |
| 2020 | $210K | $394K | $2.0M | $105K | — | — |
| 2019 | $630K | $148K | $2.2M | $90K | — | View 990 |
| 2019 | $472K | $329K | $1.8M | $212K | — | View 990 |
| 2018 | $409K | $330K | $1.6M | $156K | — | View 990 |
| 2017 | $569K | $358K | $1.5M | $100K | — | View 990 |
| 2016 | $830K | $1.0M | $1.3M | $133K | — | View 990 |
| 2015 | $1.1M | $1.3M | $1.7M | $391K | — | View 990 |
| 2014 | $1.1M | $990K | $1.7M | $207K | — | View 990 |
| 2013 | $988K | $929K | $1.6M | $218K | — | View 990 |
| 2012 | $926K | $1.0M | $1.5M | $178K | — | View 990 |
| 2011 | $955K | $994K | $1.6M | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $304K, expenses of $415K, and assets of $1.6M (revenue -25.9% year-over-year).
- 2022: Revenue of $409K, expenses of $466K, and assets of $1.7M (revenue +273.7% year-over-year).
- 2021: Revenue of $110K, expenses of $306K, and assets of $1.8M (revenue -47.8% year-over-year).
- 2020: Revenue of $210K, expenses of $394K, and assets of $2.0M (revenue -66.7% year-over-year).
- 2019: Revenue of $630K, expenses of $148K, and assets of $2.2M (revenue +33.4% year-over-year).
- 2019: Revenue of $472K, expenses of $329K, and assets of $1.8M (revenue +15.4% year-over-year).
- 2018: Revenue of $409K, expenses of $330K, and assets of $1.6M (revenue -28.1% year-over-year).
- 2017: Revenue of $569K, expenses of $358K, and assets of $1.5M (revenue -31.4% year-over-year).
- 2016: Revenue of $830K, expenses of $1.0M, and assets of $1.3M (revenue -26.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.3M, and assets of $1.7M (revenue +1.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $990K, and assets of $1.7M (revenue +11.5% year-over-year).
- 2013: Revenue of $988K, expenses of $929K, and assets of $1.6M (revenue +6.6% year-over-year).
- 2012: Revenue of $926K, expenses of $1.0M, and assets of $1.5M (revenue -3.0% year-over-year).
- 2011: Revenue of $955K, expenses of $994K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Insurance Society Of Philadelphia:
Data Sources and Methodology
This transparency report for Insurance Society Of Philadelphia 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.