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 $81.7m and spending of $164.5m, spending 201% of what it took in. Across the 2 years on record, from June 2019 to June 2020, income fell from $84.4m to $81.7m (-3.1%), an average of -3.1% a year. Over the whole period it spent 192% 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 Liveonny Inc ($81.7m), Crohns & Colitis Foundation Inc ($81.8m) and Sma Healthcare Inc ($81.7m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (0.9% of expenses). Other salaries and wages came to $113.8m. At year end it held assets of $12.4m against liabilities of $185.7m, net assets of -$173.3m. It reported 979 employees.