Ucm Medical Group Inc

Analysis

Ucm Medical Group Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ucm Medical Group Inc reported income of $30.4m and spending of $36.7m, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.0m to $30.4m (+405%), an average of +72% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 147% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ucm Medical Group Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Unified Community Connections Inc ($30.4m), New York STEM Cell Foundation Inc ($30.4m) and Samaritan Senior Village Inc ($30.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.5m (6.8% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $40.0m against liabilities of $71.5m, net assets of -$31.6m. It reported 440 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.