University of Wisconsin Medical Foundation Inc

Analysis

University of Wisconsin Medical Foundation Inc is a registered charity in United States, based in Middleton, WI. It received its IRS tax-exemption ruling in November 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Wisconsin Medical Foundation Inc reported income of $1.23bn and spending of $1.27bn, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $977.4m to $1.23bn (+26%), an average of +6.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Wisconsin Medical Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Presbyterian Medical Center of the University of Pennsylvania Health ($1.23bn), Advocate North Side Health Network ($1.23bn) and Central Iowa Hospital Corporation ($1.23bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $7.0m (0.6% of expenses). Other salaries and wages came to $730.2m. At year end it held assets of $747.4m against liabilities of $379.4m, net assets of $367.9m. It reported 5,545 employees.