Ums-Wright Corporation

Analysis

Ums-Wright Corporation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in July 1949, 77 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Ums-Wright Corporation reported income of $22.1m and spending of $21.3m, spending 96% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $18.2m to $22.1m (+22%), an average of +6.8% a year. The sharpest change came in the year to May 2022, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ums-Wright Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Louisiana Clinical Services Inc ($22.1m), The YWCA Retirement Fund Inc ($22.2m) and Economic Security Corporation of Southwest Area ($22.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 14% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $130k (0.6% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $48.9m against liabilities of $5.8m, net assets of $43.0m. It reported 221 employees.