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 $417.8m and spending of $360.2m, spending 86% of its income. Across the 2 years on record, from June 2019 to June 2020, income grew from $416.3m to $417.8m (+0.4%), an average of +0.4% a year. Over the whole period it spent 88% 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 98th percentile: it is larger than about 98% 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 Bethesda Hospital Inc ($417.8m), Arnot Ogden Medical Center ($418.0m) and Wyckoff Heights Medical Center ($415.3m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (0.4% of expenses). Other salaries and wages came to $120.5m. At year end it held assets of $289.9m against liabilities of $53.8m, net assets of $236.1m. It reported 2,237 employees.