Upmc

Analysis

Upmc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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, Upmc reported income of $22.57bn and spending of $22.67bn, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.87bn to $22.57bn (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upmc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include Aurora Health Care Inc ($6.78bn), Sanford ($5.74bn) and Highmark Health ($5.62bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $133.9m (0.6% of expenses). Other salaries and wages came to $6.73bn. At year end it held assets of $12.46bn against liabilities of $4.11bn, net assets of $8.34bn. It reported 77,356 employees.