The Surplus Lines Association Of North Carolina
EIN: 581712305 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $19.2M |
| Total Expenses | $1.6M |
| Net Assets | $23.7M |
Is The Surplus Lines Association Of North Carolina Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Surplus Lines Association Of North Carolina
The Surplus Lines Association Of North Carolina (EIN: 581712305) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $19.2M and total assets of $29.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Surplus Lines Association Of North Carolina's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Surplus Lines Association Of North Carolina is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$5.0M |
| Total Assets | $23.7M |
| Net Assets | $23.7M |
| Operating Margin | 75.8% |
| Months of Reserves | 180.1 months |
Financial Health Grade: A
In 2023, The Surplus Lines Association Of North Carolina reported a surplus of $5.0M with revenue exceeding expenses, holds 180.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Surplus Lines Association Of North Carolina's revenue has grown at a compound annual growth rate (CAGR) of 22.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +29.7% | +30.8% |
| 2022 | +23.0% | -53.9% | +39.9% |
| 2021 | +27.2% | +3.2% | +24.9% |
| 2020 | +6.4% | -1.9% | +18.5% |
| 2019 | +17.6% | +140.6% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Surplus Lines Association Of North Carolina 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 The Surplus Lines Association Of North Carolina 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 $5.0M, with revenue exceeding expenses.
Frequently Asked Questions about The Surplus Lines Association Of North Carolina
Is The Surplus Lines Association Of North Carolina a legitimate charity?
The Surplus Lines Association Of North Carolina (EIN: 581712305) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $19.2M. No red flags identified. Financial health grade: A.
How does The Surplus Lines Association Of North Carolina spend its money?
The Surplus Lines Association Of North Carolina reported $19.2M 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 The Surplus Lines Association Of North Carolina tax-deductible?
The Surplus Lines Association Of North Carolina is registered as a tax-exempt nonprofit (EIN: 581712305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Surplus Lines Association Of North Carolina located?
The Surplus Lines Association Of North Carolina is headquartered in Raleigh, North Carolina and files with the IRS under EIN 581712305.
How many years of IRS 990 filings does The Surplus Lines Association Of North Carolina have?
The Surplus Lines Association Of North Carolina 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 $19.2M in total revenue.
Filing History
IRS 990 filing history for The Surplus Lines Association Of North Carolina showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Surplus Lines Association Of North Carolina's revenue has grown by 1029.1%, moving from $578K to $6.5M. Total assets increased by 638.4% over the same period, from $3.2M to $23.7M. Total functional expenses rose by 363.9%, from $340K to $1.6M. In its most recent filing year (2023), The Surplus Lines Association Of North Carolina reported a surplus of $5.0M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $1.6M | $23.7M | $0 | — | — |
| 2022 | $6.5M | $1.2M | $18.1M | $0 | — | View 990 |
| 2021 | $5.3M | $2.6M | $12.9M | $0 | — | View 990 |
| 2020 | $4.2M | $2.6M | $10.4M | $793 | — | — |
| 2019 | $3.9M | $2.6M | $8.7M | $204 | — | — |
| 2018 | $3.3M | $1.1M | $7.4M | $0 | — | — |
| 2017 | $2.2M | $1.0M | $5.2M | $47K | — | View 990 |
| 2016 | $1.2M | $737K | $5.5M | $1.6M | — | View 990 |
| 2015 | $933K | $469K | $5.4M | $2.0M | — | View 990 |
| 2014 | $762K | $324K | $4.7M | $1.7M | — | View 990 |
| 2013 | $776K | $460K | $5.6M | $3.1M | — | View 990 |
| 2012 | $650K | $313K | $4.3M | $2.0M | — | View 990 |
| 2011 | $578K | $340K | $3.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $1.6M, and assets of $23.7M (revenue -0.3% year-over-year).
- 2022: Revenue of $6.5M, expenses of $1.2M, and assets of $18.1M (revenue +23.0% year-over-year).
- 2021: Revenue of $5.3M, expenses of $2.6M, and assets of $12.9M (revenue +27.2% year-over-year).
- 2020: Revenue of $4.2M, expenses of $2.6M, and assets of $10.4M (revenue +6.4% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.6M, and assets of $8.7M (revenue +17.6% year-over-year).
- 2018: Revenue of $3.3M, expenses of $1.1M, and assets of $7.4M (revenue +49.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $1.0M, and assets of $5.2M (revenue +92.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $737K, and assets of $5.5M (revenue +25.0% year-over-year).
- 2015: Revenue of $933K, expenses of $469K, and assets of $5.4M (revenue +22.4% year-over-year).
- 2014: Revenue of $762K, expenses of $324K, and assets of $4.7M (revenue -1.8% year-over-year).
- 2013: Revenue of $776K, expenses of $460K, and assets of $5.6M (revenue +19.4% year-over-year).
- 2012: Revenue of $650K, expenses of $313K, and assets of $4.3M (revenue +12.4% year-over-year).
- 2011: Revenue of $578K, expenses of $340K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Surplus Lines Association Of North Carolina:
Data Sources and Methodology
This transparency report for The Surplus Lines Association Of North Carolina 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.