Uab Medicine Enterprise

Analysis

Uab Medicine Enterprise is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Uab Medicine Enterprise reported income of $50.7m and spending of $59.0m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $41.3m to $50.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2020, when income rose by 52%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Uab Medicine Enterprise sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AL. Charities of a similar size with the same main cause include Washington Township Medical Foundation ($50.7m), Mymichigan Medical Center Gladwin ($50.7m) and Northwestern Counseling & Support Services Inc ($50.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $11.2m (19% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $287.0m against liabilities of $166.1m, net assets of $120.9m. It reported 667 employees.