University of Alabama Health Services Foundation PC

Analysis

University of Alabama Health Services Foundation PC is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 1976, 50 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 September 2023, University of Alabama Health Services Foundation PC reported income of $1.04bn and spending of $1.01bn, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $732.4m to $1.04bn (+42%), an average of +9.2% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Alabama Health Services Foundation PC 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 AL. Charities of a similar size with the same main cause include White Plains Medical Center ($1.04bn), St Cloud Hospital ($1.04bn) and Cobb Hospital ($1.03bn).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $7.7m (0.8% of expenses). Other salaries and wages came to $700.7m. At year end it held assets of $959.0m against liabilities of $512.5m, net assets of $446.5m. It reported 4,855 employees.