Umc Foundation

Analysis

Umc Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in January 1979, 47 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 December 2023, Umc Foundation reported income of $7.1m and spending of $4.5m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.1m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 296%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Umc Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Childrens Oncology Group Foundation ($7.1m), Doylestown Health Foundation ($7.1m) and Anchor Mental Health Association ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $51.0m against liabilities of $5.3m, net assets of $45.7m.