Universal Medical Institute Inc

Analysis

Universal Medical Institute Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2020, 6 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, Universal Medical Institute Inc reported income of $295k and spending of $340k, spending 115% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $9,275 to $295k (+3079%), an average of +217% a year. The sharpest change came in the year to December 2021, when income rose by 1484%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Universal Medical Institute Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include The Acaam Foundation Inc ($295k), Pathways ($295k) and National Bone Marrow Transplant Link ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (12% of expenses). At year end it held assets of $212k against liabilities of $54k, net assets of $158k.