University of Pittsburgh and Upmc Medical and Health Sciences FDN

Analysis

University of Pittsburgh and Upmc Medical and Health Sciences FDN is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, University of Pittsburgh and Upmc Medical and Health Sciences FDN reported income of $13.8m and spending of $13.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $13.8m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University of Pittsburgh and Upmc Medical and Health Sciences FDN sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Jewish Community of Louisville Inc ($13.7m), Siemer Family Foundation ($13.8m) and Greater Worcester Community Foundation Inc ($13.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $8.0m. It paid $409k in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 106 employees.