Umana Foundation

Analysis

Umana Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Umana Foundation reported income of $400k and spending of $389k, spending 97% of its income. Across the 5 years on record, from May 2020 to December 2023, income grew from $29k to $400k (+1287%), an average of +93% a year. The sharpest change came in the year to December 2022, when income rose by 23091%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Umana Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Gimmel Foundation Inc ($400k), Globsec US Foundation ($400k) and Hope Alliance ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $883k against liabilities of $0, net assets of $883k.