University Life-Care Center Inc

Analysis

University Life-Care Center Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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, University Life-Care Center Inc reported income of $1.1m and spending of $1.4m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-27%), an average of -7.6% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Life-Care Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Camp Juliette Low Inc ($1.1m), Montrose Minute Men Inc ($1.1m) and Guidance Carolina ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $105k (7.8% of expenses). Other salaries and wages came to $531k. At year end it held assets of $1.6m against liabilities of $604k, net assets of $957k. It reported 22 employees.