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 2022, Upmc reported income of $89.4m and spending of $80.7m, spending 90% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $75.8m to $89.4m (+18%), an average of +5.7% a year. Over the whole period it spent 91% 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 95% 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 Jefferson Center for Mental Health ($89.4m), Maine Veterans Home ($89.5m) and McLaren Medical Group ($89.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 3.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $448k (0.6% of expenses). Other salaries and wages came to $33.7m. At year end it held assets of $64.8m against liabilities of $6.8m, net assets of $58.1m. It reported 737 employees.