Ut Medical Group Inc

Analysis

Ut Medical Group Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1983, 43 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 December 2023, Ut Medical Group Inc reported income of $80.8m and spending of $83.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79.4m to $80.8m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ut Medical Group Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Community Healthcare Network Inc ($80.8m), Saint Alphonsus Medical Center Ortario Inc ($80.9m) and Frontier Behavioral Health Spokane Mental Health ($80.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 80% of the total. Compensation of current officers, directors and key employees was $5.4m (6.4% of expenses). Other salaries and wages came to $44.6m. At year end it held assets of $44.1m against liabilities of $24.6m, net assets of $19.4m. It reported 617 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.