UNIVERSITY OF WISCONSIN MEDICAL FOUNDATION INC
7974 UW HEALTH CT, MIDDLETON, WI · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $1,572,803,135 | $1,575,296,955 | $425,422,304 |
| FY2024 | $1,439,944,668 | $1,411,533,808 | $410,335,114 |
| FY2023 | $1,232,049,833 | $1,269,657,709 | $367,944,814 |
| FY2022 | $1,159,179,776 | $1,119,642,074 | $398,421,546 |
| FY2021 | $1,050,433,746 | $1,053,158,481 | $387,570,293 |
| FY2020 | $956,685,711 | $958,955,702 | $353,323,849 |
| FY2019 | $977,411,283 | $991,117,982 | $346,239,366 |
| FY2018 | $976,465,256 | $908,134,154 | $343,990,762 |
| FY2017 | $862,155,665 | $848,909,875 | $303,286,529 |
| FY2016 | $818,971,480 | $881,832,621 | $274,326,057 |
| FY2015 | $766,131,896 | $739,916,283 | $521,802,509 |
| FY2014 | $724,220,158 | $690,978,471 | $314,405,146 |
| FY2013 | $680,393,835 | $658,129,755 | $259,409,884 |
| FY2012 | $655,378,599 | $640,051,467 | $226,765,104 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $416,683,708 | 27% |
| Program service revenue | $1,133,500,866 | 73% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,548,065,919 | 98% |
| Management & general | $27,231,036 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 73% of total revenue in FY2025.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2025. That is higher than 98.6% of 138 Health Care organizations in WI.
- Net assets covered about 3.2 months of expenses at the end of the reporting year. That puts it in the 20th percentile among 420 Health Care organizations in WI.
- Total revenue was higher than 100% of 426 Health Care organizations in WI.
- Total revenue rose from $655,378,599 in FY2012 to $1,572,803,135 in FY2025, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2016, FY2019, FY2020, FY2021, FY2023, FY2025).
- Net assets grew from $226,765,104 to $425,422,304 between FY2012 and FY2025.
- Contributions and grants made up 6% of revenue in FY2012 and 27% in FY2025.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
University of Wisconsin Medical Foundation (UWMF) supports the teaching, research and service missions of the University of Wisconsin School of Medicine and Public Health by promoting the delivery of excellent and innovative patient care by faculty and staff who serve local, regional, national and
IRS status
| Ruling year | 1995 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in WI) |
| Donations | Donations are generally tax-deductible (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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