University Medical Center Inc

Analysis

University Medical Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Medical Center Inc reported income of $881.9m and spending of $829.6m, spending 94% of its income. Across the 6 years on record, from June 2017 to June 2023, income grew from $490.1m to $881.9m (+80%), an average of +12% a year. The sharpest change came in the year to June 2019, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Medical Center Inc sits at the 99th 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 KY. Charities of a similar size with the same main cause include Mercy Health Services Iowa Corp ($881.2m), Appalachian Regional Healthcare Inc ($882.9m) and Henry Ford Health Providence Hospital ($880.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $9.1m (1.1% of expenses). Other salaries and wages came to $181.9m. At year end it held assets of $972.9m against liabilities of $393.8m, net assets of $579.1m. It reported 10,501 employees.