Umrc Foundation Inc

Analysis

Umrc Foundation Inc is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover health care, 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 June 2023, Umrc Foundation Inc reported income of $9.6m and spending of $4.3m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $3.3m to $9.6m (+187%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 221%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Umrc Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Touro University Medical Group ($9.6m), Queen of Peace Center ($9.6m) and Staten Island University Hospital Foundation ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $59.4m against liabilities of $414k, net assets of $59.0m. It reported 14 employees.