University Medical Branch

Analysis

University Medical Branch is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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 August 2024, University Medical Branch reported income of $325k and spending of $419k, spending 129% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income grew from $284k to $325k (+14%), an average of +2.7% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Medical Branch sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Temecula Valley Soccer Association Inc ($325k), Build Up Inc ($325k) and John S Thorner Charitable Family Trust ($325k).

Other salaries and wages came to $298k. At year end it held assets of $2.5m against liabilities of $94k, net assets of $2.4m.