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 $63.8m and spending of $54.1m, spending 85% of its income. Across the 2 years on record, from June 2019 to June 2020, income grew from $60.0m to $63.8m (+6.4%), an average of +6.4% a year. Over the whole period it spent 86% 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 94th 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 Parkview Health Systems Inc ($63.7m), Iehp Foundation ($63.8m) and Pediatric and Family Medical Center ($63.7m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Other salaries and wages came to $18.3m. At year end it held assets of $38.6m against liabilities of $6.1m, net assets of $32.5m. It reported 429 employees.