University Medical Service Association Inc

Analysis

University Medical Service Association Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, University Medical Service Association Inc reported income of $370.1m and spending of $375.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $302.5m to $370.1m (+22%), an average of +5.2% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Medical Service Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Touro University ($367.3m), Uma Education Inc ($371.8m) and Loma Linda University ($365.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 63% of the total. Other salaries and wages came to $78.8m. At year end it held assets of $218.8m against liabilities of $118.6m, net assets of $100.1m. It reported 892 employees.