Independent Insurance Agents of N Carolina Inc
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Independent Insurance Agents of N Carolina Inc is a 501(c)(6) organization based in Cary, North Carolina, registered in 1955, with $4,937,028 in FY2023 revenue. CharityIndex grades it B.
101 Weston Oaks Ct, Cary, NC, 27513 EIN 56-0340370 Since 1955
Revenue (FY2023)
$4.9M
▲ 4.7% vs prior year
Expenses (FY2023)
$4.0M
Net assets
$12.6M
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 of N Carolina 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 rating38 mo reserves · +19% 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 of N Carolina Inc: 38 mo reserves · +19% 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 of N Carolina 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 of N Carolina Inc: 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
- 101 Weston Oaks Ct, Cary, NC, 27513
- City
- Cary
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $3.8M (FY2015) to $4.9M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.0MNet assets $12.6M
Operating margin
19.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$13.7M
Total liabilities
$1.0M
Net assets
$12.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,937,028▲4.7% | $3,995,209▼2.2% | $12,633,165▲16.3% | $13,679,530▲11.4% | 990 |
| 2022 | $4,716,113▲15.6% | $4,083,977▲21.8% | $10,862,407▲9.0% | $12,276,601▲11.4% | 990 |
| 2021 | $4,078,379▲15.0% | $3,353,133▲12.2% | $9,963,476▲6.3% | $11,020,341▲6.8% | 990 |
| 2020 | $3,545,920▼5.5% | $2,989,651▲1.7% | $9,373,423▲14.1% | $10,313,889▲15.0% | 990 |
| 2019 | $3,752,408▼6.1% | $2,939,113▼11.1% | $8,215,789▲19.3% | $8,968,836▲13.4% | 990 |
| 2018 | $3,996,687▲10.9% | $3,307,790▼0.4% | $6,884,171▲13.5% | $7,909,472▲12.5% | 990 |
| 2017 | $3,603,030▲8.5% | $3,321,623▲8.8% | $6,065,767▲9.9% | $7,033,163▲9.3% | 990 |
| 2016 | $3,321,970▼12.4% | $3,052,043▲7.1% | $5,520,500▲6.9% | $6,436,024▲6.4% | 990 |
| 2015 | $3,791,016 | $2,849,584 | $5,165,087 | $6,051,625 | 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.
Frequently asked questions
- Is Independent Insurance Agents of N Carolina Inc a legitimate nonprofit?
- Yes. Independent Insurance Agents of N Carolina Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 56-0340370, based in Cary, North Carolina.
- What is Independent Insurance Agents of N Carolina Inc's EIN?
- Independent Insurance Agents of N Carolina Inc's Employer Identification Number (EIN) is 56-0340370.
- How much revenue does Independent Insurance Agents of N Carolina Inc report?
- Independent Insurance Agents of N Carolina Inc reported $4,937,028 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Independent Insurance Agents of N Carolina Inc have?
- CharityIndex grades Independent Insurance Agents of N Carolina Inc B, based on financial health (reserves and operating margin).
More nonprofits in Cary
Explore more
Data for Independent Insurance Agents of N Carolina Inc (EIN 56-0340370) 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.