Utmb Healthcare Systems Inc

Analysis

Utmb Healthcare Systems Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in May 2007, 19 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), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Utmb Healthcare Systems Inc reported income of $100.2m and spending of $91.8m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $36.2m to $100.2m (+176%), an average of +29% a year. The sharpest change came in the year to August 2022, when income rose by 80%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Utmb Healthcare Systems Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Cornell Scott Hill Health Corporation ($100.1m), Open Door Community Health Centers ($100.3m) and Signature Health Inc ($100.1m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $68k (0.1% of expenses). Other salaries and wages came to $44.1m. At year end it held assets of $37.8m against liabilities of $4.9m, net assets of $32.9m. It reported 881 employees.