University Surgical Associates Inc

Analysis

University Surgical Associates Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, University Surgical Associates Inc reported income of $45.4m and spending of $49.4m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $39.9m to $45.4m (+14%), an average of +3.3% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Surgical Associates Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Senior Care Connection Inc ($45.4m), New York Foundation for Senior Citizens Home Attendant Services I ($45.4m) and The Young Mens Christian Association of Floridas First ($45.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.9m (9.8% of expenses). Other salaries and wages came to $28.9m. At year end it held assets of $45.9m against liabilities of $23.8m, net assets of $22.1m. It reported 278 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.