University Health Care Foundation Inc

Analysis

University Health Care Foundation Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, University Health Care Foundation Inc reported income of $4.1m and spending of $1.1m, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $4.1m to $4.1m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Health Care Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Lake Sumter State College Foundation Inc ($4.1m), Beacon Hill Nursery School ($4.1m) and Bet Yaakov of the Jersey Shore Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $138k. At year end it held assets of $42.7m against liabilities of $100k, net assets of $42.6m.