Ucare Foundation

Analysis

Ucare Foundation is a registered charity in United States, based in Stuart, VA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ucare Foundation reported income of $82.5m and spending of $103.3m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $82.5m (+15818%), an average of +255% a year. The sharpest change came in the year to December 2022, when income rose by 1104%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ucare Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Benaroya Research Institute at Virginia Mason ($82.5m), Midway Specialty Care Center Inc ($82.5m) and Bryan Physician Network ($82.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $60.7m against liabilities of $50.0m, net assets of $10.7m.