Umep

Analysis

Umep is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2008, 18 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 August 2023, Umep reported income of $17.2m and spending of $14.8m, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.4m to $17.2m (+132%), an average of +24% a year. The sharpest change came in the year to August 2020, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Umep sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Heritage K-8 Charter ($17.1m), Global Concepts Charter School ($17.2m) and Lion Christian Academy Inc ($17.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $221k (1.5% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $55.5m against liabilities of $46.4m, net assets of $9.1m. It reported 291 employees.