Umc Foundation Inc

Analysis

Umc Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in February 2014, 12 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 June 2023, Umc Foundation Inc reported income of $2.0m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $516k to $2.0m (+287%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 228%. Over the whole period it spent 58% 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 Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NV. Charities of a similar size with the same main cause include Dr Miriam & Sheldon Adelson Clinic Drug Abuse Treatment Research Inc ($2.0m), Health Alliance Inc ($2.0m) and Christina G Smith Community Health Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.2m against liabilities of $1.5m, net assets of $3.8m.