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 $16.6m and spending of $26.3m, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $16.6m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 138% 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 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Family Connections Inc ($16.6m), Gold Cross Ambulance Service Inc ($16.6m) and Schofield Residence Inc ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $192k (0.7% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $11.6m against liabilities of $49.6m, net assets of -$38.0m. It reported 398 employees.

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.