Unc Health Foundation Inc

Analysis

Unc Health Foundation Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Unc Health Foundation Inc reported income of $62.9m and spending of $65.3m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $35.0m to $62.9m (+80%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unc Health Foundation Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Anderson University Inc ($62.9m), Dwight-Englewood School ($63.0m) and Southern Nazarene University ($62.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $629k (1.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $629.8m against liabilities of $5.8m, net assets of $624.0m.