Urmc Health Foundation Inc

Analysis

Urmc Health Foundation Inc is a registered charity in United States, based in Thomaston, GA. It received its IRS tax-exemption ruling in November 2005, 21 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 December 2023, Urmc Health Foundation Inc reported income of $470k and spending of $48k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $470k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 15% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Urmc Health Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Laverna Terrace Housing Corporation ($470k), Yvette a Flunder Foundation Inc ($470k) and Tri-County Community Partnership Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m.