Universities Allied for Essential Medicines Corp

Analysis

Universities Allied for Essential Medicines Corp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Universities Allied for Essential Medicines Corp reported income of $147k and spending of $173k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $384k to $147k (-62%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Universities Allied for Essential Medicines Corp sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 25th percentile within DC. Charities of a similar size with the same main cause include San Clemente Military Family Outreach ($147k), Laughing Bear Bakery ($147k) and Mt Healthy Alliance Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (47% of expenses). Other salaries and wages came to $6,486. At year end it held assets of $171k against liabilities of $5,902, net assets of $165k. It reported 1 employees.