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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Upmc reported income of $80.8m and spending of $68.3m, spending 85% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $84.6m to $80.8m (-4.6%), an average of -4.6% a year. Over the whole period it spent 82% 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 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Divine Savior Healthcare Inc ($80.7m), Frontier Behavioral Health Spokane Mental Health ($80.8m) and GRMC Inc ($80.7m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 5.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $495k (0.7% of expenses). Other salaries and wages came to $26.8m. At year end it held assets of $47.8m against liabilities of $6.0m, net assets of $41.8m. It reported 2,237 employees.