Servicios Medicos Universitarios Inc

Analysis

Servicios Medicos Universitarios Inc is a registered charity in United States, based in Carolina, PR. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Servicios Medicos Universitarios Inc reported income of $61.0m and spending of $60.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.4m to $61.0m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Servicios Medicos Universitarios Inc 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 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include Foundation for the National Institute of Health Inc ($61.0m), Oaklawn Psychiatric Center Inc ($61.0m) and HPM Foundation Inc ($60.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $928k (1.5% of expenses). Other salaries and wages came to $18.3m. At year end it held assets of $49.4m against liabilities of $22.7m, net assets of $26.7m. It reported 816 employees.