Bank Insurance & Securities Association
Only null% goes to programs Strong reserves Growing revenue
Bank Insurance & Securities Association is a 501(c)(6) organization based in Washington, District of Columbia, registered in 2003, with $3,082,477 in FY2023 revenue. CharityIndex grades it B.
2001 K St Nw Ste 3 # North, Washington, DC, 20006 EIN 52-2385104 Since 2003
Revenue (FY2023)
$3.1M
▲ 6.9% vs prior year
Community median: $184K
Expenses (FY2023)
$3.0M
Net assets
$2.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bank Insurance & Securities Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bank Insurance & Securities Association: 9 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bank Insurance & Securities Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bank Insurance & Securities Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2001 K St Nw Ste 3 # North, Washington, DC, 20006
- City
- Washington
- State
- District of Columbia
- Subcategory
- Business & Industry Associations
- Website
- …
Financial trends
Revenue grew from $2.5M (FY2013) to $3.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.3MNet assets $2.2M
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.5M
Total liabilities
$1.3M
Net assets
$2.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,082,477▲6.9% | $2,965,469▼1.5% | $2,192,613▲5.6% | $3,539,771▲8.1% | 990 |
| 2022 | $2,883,492▲50.2% | $3,009,949▲80.1% | $2,075,605▼5.7% | $3,273,998▼4.6% | 990 |
| 2021 | $1,919,474▼24.0% | $1,671,448▼32.0% | $2,202,062▲12.6% | $3,431,637▲15.3% | 990 |
| 2020 | $2,526,318▼2.0% | $2,457,324▼6.6% | $1,955,227▲3.7% | $2,975,136▲0.2% | 990 |
| 2019 | $2,578,013▲11.7% | $2,630,461▲10.9% | $1,886,233▼2.7% | $2,967,886▼3.7% | 990 |
| 2018 | $2,307,274▼11.5% | $2,371,168▼5.2% | $1,938,681▼3.4% | $3,080,855▼1.6% | 990 |
| 2017 | $2,606,335▲6.1% | $2,502,429▲2.5% | $2,007,241▲5.5% | $3,132,369▼2.5% | 990 |
| 2016 | $2,457,531▼4.7% | $2,440,253▲4.3% | $1,903,335▲0.9% | $3,211,314▲10.3% | 990 |
| 2015 | $2,579,235▲5.8% | $2,339,365▲3.0% | $1,886,057▲14.6% | $2,912,555▲12.7% | 990 |
| 2014 | $2,436,884▼1.6% | $2,270,559▲3.2% | $1,646,187▲11.2% | $2,584,977▲15.2% | 990 |
| 2013 | $2,476,404 | $2,199,700▲2.7% | $1,479,862▲23.0% | $2,243,322▲20.2% | 990 |
| 2012 | — | $2,141,297▼6.4% | $1,203,158▲14.4% | $1,866,779▲26.0% | 990 |
| 2011 | — | $2,288,933▼14.4% | $1,051,871▼7.1% | $1,481,107▼20.6% | 990 |
| 2010 | — | $2,673,643 | $1,132,660 | $1,864,615 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Bank Insurance & Securities Association
Frequently asked questions
- Is Bank Insurance & Securities Association a legitimate nonprofit?
- Yes. Bank Insurance & Securities Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 52-2385104, based in Washington, District of Columbia.
- What is Bank Insurance & Securities Association's EIN?
- Bank Insurance & Securities Association's Employer Identification Number (EIN) is 52-2385104.
- How much revenue does Bank Insurance & Securities Association report?
- Bank Insurance & Securities Association reported $3,082,477 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Bank Insurance & Securities Association have?
- CharityIndex grades Bank Insurance & Securities Association B, based on financial health (reserves and operating margin).
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Data for Bank Insurance & Securities Association (EIN 52-2385104) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.