University Medical Foundation Inc

Analysis

University Medical Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 1995, 31 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 Medical Foundation Inc reported income of $1.6m and spending of $140k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $48k to $1.6m (+3233%), an average of +140% a year. The sharpest change came in the year to June 2020, when income rose by 1624%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Medical Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Syringa Mountain School Inc ($1.6m), Jefferson State Community College Foundation Inc-Jefferson County ($1.6m) and Yleana Leadership Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $15.7m against liabilities of $0, net assets of $15.7m.