nonprofit · EIN 23-7102759 · NC
How much does NORTH CAROLINA INSURANCE UNDERWRITING raise and spend?
NORTH CAROLINA INSURANCE UNDERWRITING (NC, EIN 23-7102759) reported $446.8M in revenue and $244.5M in expenses for tax year 2023, with $1.1B in net assets (54.9 months of reserves). By expenses that ranks 2,102 of 539,974 e-filers, 45 of 14,148 nonprofits in north carolina.
What stands out
NORTH CAROLINA INSURANCE UNDERWRITING (NC, EIN 23-7102759) reported $446.8M in revenue and $244.5M in expenses for tax year 2023, with $1.1B in net assets (54.9 months of reserves). By expenses that ranks 2,102 of 539,974 e-filers, 45 of 14,148 nonprofits in north carolina. Against nonprofits over $100M in expenses: months of reserves 54.9 months, above the peer median of 7.4 months; officer compensation share of expenses 0.3%, below the peer median of 0.8%; contributions share of revenue 0.0%, below the peer median of 1.2%; surplus margin 45.3%, above the peer median of 1.1%.
Key figures, tax year 2023
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2023 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $446.8M | — | $236.7M | $194.7k |
| Total expenses | $244.5M | — | $231.0M | $178.5k |
| Total assets | $1.5B | — | $318.0M | $775.3k |
| Net assets | $1.1B | — | $158.3M | $622.5k |
| Officer compensation (total per organisation) | $669.1k | — | $2.4M | $113.0k |
| Program service revenue share | 92.0% | — | 93.3% | 13.8% |
| Contributions share of revenue | 0.0% | — | 1.2% | 57.5% |
| Officer compensation share of expenses | 0.3% | — | 0.8% | 6.5% |
| Months of reserves | 54.9 months | — | 7.4 months | 12.6 months |
| Surplus margin | 45.3% | — | 1.1% | 3.9% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2023 | $446.8M | $244.5M | $1.1B | 54.9 months | $669.1k | 2,102 |
| 2022 | $357.8M | $184.7M | $918.9M | 59.7 months | $707.4k | 2,448 |
| 2021 | $314.1M | $164.7M | $741.5M | 54.0 months | $586.8k | 1,600 |
| 2020 | $279.0M | $202.5M | $590.6M | 35.0 months | $705.6k | 2,049 |
| 2019 | $281.5M | $367.4M | $514.7M | 16.8 months | $662.0k | 1,136 |
| 2018 | $349.6M | $1.3B | $601.5M | 5.5 months | $534.1k | 239 |
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