Insurance Agents & Brokers of Maryland Inc is a 501(c)(6) organization based in Mechanicsburg, Pennsylvania, registered in 2004, with $477,298 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$477K
▲ 9.0% vs prior year
Community median: $184K
Expenses (FY2024)
$461K
Net assets
$511K
Employees
—
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 →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 Insurance Agents & Brokers of Maryland Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Insurance Agents & Brokers of Maryland Inc: 13 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
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 Insurance Agents & Brokers of Maryland Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Insurance Agents & Brokers of Maryland Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $608K (FY2015) to $477K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
3.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$716K
Net assets
$511K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $477,298▲9.0% | $460,803▲9.8% | $510,607▲3.2% | $1,226,386▲5.2% | 990 |
| 2023 | $437,976▲16.5% | $419,814▲7.4% | $494,936▲11.3% | $1,165,241▲16.4% | 990 |
| 2022 | $375,860▼15.3% | $390,738▼7.3% | $444,550▼6.0% | $1,001,078▼8.7% | 990 |
| 2021 | $443,664▲2.3% | $421,550▲4.1% | $472,814▼1.4% | $1,097,058▼0.2% | 990 |
| 2020 | $433,900▼11.4% | $404,833▼12.1% | $479,370▲25.5% | $1,099,228▲4.2% | 990 |
| 2019 | $489,794▼0.2% | $460,580▼6.5% | $381,930▼7.5% | $1,055,307▼38.2% | 990 |
| 2018 | $490,936▼7.9% | $492,510▼4.3% | $412,692▼3.7% | $1,706,692▲41.0% | 990 |
| 2017 | $532,854▼13.2% | $514,819▼16.0% | $428,579▲7.5% | $1,210,571▲87.2% | 990 |
| 2016 | $614,018▲1.0% | $612,520▲0.2% | $398,755▲1.1% | $646,555▲5.5% | 990 |
| 2015 | $608,075 | $611,154 | $394,536 | $612,770 | 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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Data for Insurance Agents & Brokers of Maryland Inc (EIN 47-0901656) 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.