Unc Management Company Inc

Analysis

Unc Management Company Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in December 2002, 24 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Unc Management Company Inc reported income of $23.6m and spending of $23.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.0m to $23.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unc Management Company Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include The Arc Eastern Connecticut Inc ($23.6m), Area Agency on Aging for Southwest Florida Inc ($23.6m) and Catholic Charities of Tennessee Inc ($23.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $7.1m (30% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $57.1m against liabilities of $25.3m, net assets of $31.7m. It reported 44 employees.