Uma Education Inc

Analysis

Uma Education Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Uma Education Inc reported income of $371.8m and spending of $315.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $311.1m to $371.8m (+19%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Uma Education Inc sits at the 100th 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 FL. Charities of a similar size with the same main cause include University Medical Service Association Inc ($370.1m), Somerset Academy Inc ($372.1m) and Touro University ($367.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $6.0m (1.9% of expenses). Other salaries and wages came to $125.1m. At year end it held assets of $670.4m against liabilities of $357.0m, net assets of $313.4m. It reported 3,132 employees.