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. Its declared purposes cover health care, which this site groups under health and saving lives. 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 $4.6m and spending of $11.0m, spending 236% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.6m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 319%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Upmc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Aravind Eye Foundation ($4.6m), Florida Living Options Inc ($4.6m) and Laguna Beach Community Clinic Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.7% of the total. It paid $10k in professional fundraising fees. At year end it held assets of $137.7m against liabilities of $67.4m, net assets of $70.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.