Independent Insurance Agents & Brokers of New York Inc
501(c)(6)
Only null% goes to programs Strong reserves
Independent Insurance Agents & Brokers of New York Inc is a 501(c)(6) organization based in De Witt, New York, registered in 1959, with $2,907,387 in FY2024 revenue. CharityIndex grades it B.
5784 Widewaters Pkwy, De Witt, NY, 13214 EIN 15-0544434 Since 1959
Revenue (FY2024)
$2.9M
▲ 17.6% vs prior year
Expenses (FY2024)
$2.7M
Net assets
$2.6M
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 Independent Insurance Agents & Brokers of New York Inc— 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 rating12 mo reserves · +8% 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 Independent Insurance Agents & Brokers of New York Inc: 12 mo reserves · +8% 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 Independent Insurance Agents & Brokers of New York Inc— 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 Independent Insurance Agents & Brokers of New York Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $3.1M (FY2013) to $2.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1MNet assets $2.6M
Operating margin
8.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.7M
Total liabilities
$1.1M
Net assets
$2.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,907,387▲17.6% | $2,666,931▲5.7% | $2,573,251▲3.1% | $3,705,704▼2.2% | 990 |
| 2023 | $2,472,322▼7.8% | $2,523,475▼3.9% | $2,496,195▲0.5% | $3,789,051▲6.8% | 990 |
| 2022 | $2,680,948▼3.7% | $2,625,174▲4.9% | $2,482,929▼2.6% | $3,548,829▼3.5% | 990 |
| 2021 | $2,782,783▲19.7% | $2,502,146▲4.9% | $2,548,344▼7.2% | $3,676,015▲7.2% | 990 |
| 2020 | $2,325,427▼9.1% | $2,385,094▼1.6% | $2,746,298▲20.7% | $3,430,216▲21.7% | 990 |
| 2019 | $2,558,550▲2.6% | $2,424,517▼4.0% | $2,276,110▲0.1% | $2,819,235▲0.4% | 990 |
| 2018 | $2,494,402▲0.1% | $2,526,359▼3.8% | $2,274,356▼0.9% | $2,808,368▲4.4% | 990 |
| 2017 | $2,492,682▼18.0% | $2,625,191▼14.7% | $2,293,921▼1.1% | $2,688,911▼0.3% | 990 |
| 2016 | $3,038,216▼8.8% | $3,078,995▲14.1% | $2,319,003▼0.5% | $2,697,572▼3.1% | 990 |
| 2015 | $3,332,829▲18.0% | $2,699,328▼6.5% | $2,331,065▲33.3% | $2,784,384▲16.1% | 990 |
| 2014 | $2,823,704▼8.2% | $2,886,348▲2.0% | $1,748,795▲0.7% | $2,398,926▲1.6% | 990 |
| 2013 | $3,077,411 | $2,829,824▼0.3% | $1,735,833▲10.9% | $2,360,046▲14.2% | 990 |
| 2012 | — | $2,839,521▲2.5% | $1,565,831▲0.2% | $2,066,335▲2.8% | 990 |
| 2011 | — | $2,770,261▼1.6% | $1,562,579▼3.4% | $2,010,202▲0.1% | 990 |
| 2010 | — | $2,816,620▲5.5% | $1,617,397▲33.5% | $2,007,853▼4.0% | 990 |
| 2009 | — | $2,669,141 | $1,211,976 | $2,091,406 | 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.
Grants received · $303K total
6 grants to Independent Insurance Agents & Brokers of New York Inc totaling $303K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Property Casualty Insurance Association | Gen support for org stated irs purpose. | 2020 | $50,000 |
| American Property Casualty Insurance Association | Gen support for org stated irs purpose. | 2019 | $50,000 |
| American Property Casualty Insurance Association | Gen support for org stated irs purpose. | 2017 | $102,500 |
| American Property Casualty Insurance Association | Contribution | 2016 | $35,000 |
| American Property Casualty Insurance Association | Contribution | 2015 | $35,000 |
| American Property Casualty Insurance Association | Contribution | 2014 | $30,000 |
Frequently asked questions
- Is Independent Insurance Agents & Brokers of New York Inc a legitimate nonprofit?
- Yes. Independent Insurance Agents & Brokers of New York Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 15-0544434, based in De Witt, New York.
- What is Independent Insurance Agents & Brokers of New York Inc's EIN?
- Independent Insurance Agents & Brokers of New York Inc's Employer Identification Number (EIN) is 15-0544434.
- How much revenue does Independent Insurance Agents & Brokers of New York Inc report?
- Independent Insurance Agents & Brokers of New York Inc reported $2,907,387 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Independent Insurance Agents & Brokers of New York Inc have?
- CharityIndex grades Independent Insurance Agents & Brokers of New York Inc B, based on financial health (reserves and operating margin).
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Data for Independent Insurance Agents & Brokers of New York Inc (EIN 15-0544434) 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.