Uab Research Foundation

Analysis

Uab Research Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in January 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Uab Research Foundation reported income of $6.9m and spending of $5.7m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $7.1m to $6.9m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to September 2020, when income dropped by 25%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Uab Research Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Girl Scouts of San Gorgonio Council ($6.9m), Delgado Community College Foundation ($6.9m) and World Radio Missionary Fellowship Inc ($6.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $1.4m (25% of expenses). At year end it held assets of $17.1m against liabilities of $2.6m, net assets of $14.5m.