nonprofit · EIN 38-0580730 · MI
How much does GLEANER LIFE INSURANCE SOCIETY raise and spend?
GLEANER LIFE INSURANCE SOCIETY (MI, EIN 38-0580730) reported $45.0M in revenue and $51.7M in expenses for tax year 2024, with $111.3M in net assets (25.9 months of reserves). By expenses that ranks 4,587 of 391,588 e-filers, 137 of 10,994 nonprofits in michigan.
What stands out
GLEANER LIFE INSURANCE SOCIETY (MI, EIN 38-0580730) reported $45.0M in revenue and $51.7M in expenses for tax year 2024, with $111.3M in net assets (25.9 months of reserves). By expenses that ranks 4,587 of 391,588 e-filers, 137 of 10,994 nonprofits in michigan. Against nonprofits with $10M-$100M in expenses: months of reserves 25.9 months, above the peer median of 9.5 months; officer compensation share of expenses 2.8%, above the peer median of 2.6%; contributions share of revenue 0.0%, below the peer median of 12.5%; surplus margin -14.8%, below the peer median of 2.1%.
Key figures, tax year 2024
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 | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $45.0M | — | $21.4M | $198.5k |
| Total expenses | $51.7M | — | $20.3M | $179.6k |
| Total assets | $1.2B | — | $29.5M | $761.5k |
| Net assets | $111.3M | — | $17.4M | $615.1k |
| Officer compensation (total per organisation) | $1.5M | — | $625.8k | $114.3k |
| Program service revenue share | 93.9% | — | 73.7% | 13.4% |
| Contributions share of revenue | 0.0% | — | 12.5% | 55.6% |
| Officer compensation share of expenses | 2.8% | — | 2.6% | 6.6% |
| Months of reserves | 25.9 months | — | 9.5 months | 12.4 months |
| Surplus margin | -14.8% | — | 2.1% | 4.3% |
Year by year
6 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $45.0M | $51.7M | $111.3M | 25.9 months | $1.5M | 4,587 |
| 2023 | $151.3M | $153.5M | $117.7M | 9.2 months | $1.8M | 3,084 |
| 2022 | $121.1M | $122.9M | $119.3M | 11.6 months | $3.2M | 3,448 |
| 2020 | $105.8M | $67.5M | $124.9M | 22.2 months | $2.5M | 5,097 |
| 2019 | $108.6M | $89.6M | $106.2M | 14.2 months | $2.3M | 3,872 |
| 2018 | $100.3M | $99.3M | $94.6M | 11.4 months | $2.3M | 3,292 |
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