Utmb Health Plans Inc

Analysis

Utmb Health Plans Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending August 2023, Utmb Health Plans Inc reported income of $447k and spending of $321k, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $669k to $447k (-33%), an average of -9.6% a year. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Utmb Health Plans Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Paralyzed Veterans of America Spinal Cord Injury Education and T ($447k), New Start Program ($447k) and Johnston R Bowman Health Center ($447k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 57% of the total. Compensation of current officers, directors and key employees was $12k (3.6% of expenses). Other salaries and wages came to $109k. At year end it held assets of $6.7m against liabilities of $60k, net assets of $6.6m.