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 $215.6m and spending of $196.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $174.2m to $215.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 93% 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 97th percentile: it is larger than about 97% of them. 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 Legacy Mount Hood Medical Center ($215.5m), Georgetown Memorial Hospital ($215.6m) and Ucsf Health Community Hospitals ($215.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.0m (0.5% of expenses). Other salaries and wages came to $67.5m. At year end it held assets of $111.7m against liabilities of $142.8m, net assets of -$31.1m. It reported 1,192 employees.