Overview

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Est.

1968

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Rhode Island Automobile Insurance Plan is a nonprofit organization dedicated to promoting business by providing automobile insurance to qualified drivers who are unable to obtain coverage in the voluntary market. With an operating budget of $18.4 million and total revenue of $14 million for the filing year 2024, the organization plays a crucial role in ensuring access to insurance in Rhode Island. It does not rely on a single funder for 50% or more of its revenue. For more information, visit www.aipso.com/ri.

Mission Statement

The purpose of the Rhode Island Automobile Insurance Plan is to make available automobile insurance to qualified drivers who are unable to purchase such coverage in the voluntary market.
Revenues
$14M
Expenses
$18.4M
Net Income:
-$4.4M
Assets
$24.3M
Liabilities
$20.7M
Net Assets:
+$3.6M
Operating Budget
$18.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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S
State Farm Co's
Board Member
A
Amica Mutual Ins Co
Board Member
N
Nationwide Mut Ins Co
Board Member

Frequently Asked Questions

What is RHODE ISLAND AUTOMOBILE INSURANCE PLAN’s budget?
In 2024, RHODE ISLAND AUTOMOBILE INSURANCE PLAN reported an annual operating budget of around $18.4 million. More detailed financial information is available to registered users.
What causes does RHODE ISLAND AUTOMOBILE INSURANCE PLAN support?
RHODE ISLAND AUTOMOBILE INSURANCE PLAN supports work in Business promotion.
Where does RHODE ISLAND AUTOMOBILE INSURANCE PLAN operate?
RHODE ISLAND AUTOMOBILE INSURANCE PLAN is headquartered in Johnston, RI.