University Medical Center Management Corporaton

Analysis

University Medical Center Management Corporaton is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2022, University Medical Center Management Corporaton reported income of $811.1m and spending of $811.8m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $731.1m to $811.1m (+11%), an average of +3.5% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Medical Center Management Corporaton sits at the 99th 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 LA. Charities of a similar size with the same main cause include Hendrick Medical Center ($810.1m), Scripps Research Institute ($815.8m) and Gates Medical Research Institute ($809.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $3.4m (0.4% of expenses). Other salaries and wages came to $189.3m. At year end it held assets of $502.6m against liabilities of $716.9m, net assets of -$214.3m. It reported 3,433 employees.