Uvmc Foundation

Analysis

Uvmc Foundation is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Uvmc Foundation reported income of $1.6m and spending of $657k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Uvmc Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Community Foundation of Randolph County Inc ($1.6m), Bighorn Golf Club Charities ($1.6m) and Arkansas Childrens Hospital Auxiliary ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $159k (24% of expenses). Other salaries and wages came to $101k. At year end it held assets of $22.3m against liabilities of $1.2m, net assets of $21.1m. It reported 3 employees.