University of Pittsburgh

Analysis

University of Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Pittsburgh reported income of $3.14bn and spending of $3.15bn, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.80bn to $3.14bn (+12%), an average of +2.9% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Pittsburgh sits at the 100th percentile: it is one of the largest 1% in its cause. 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 University of British Columbia ($2.60bn), Emory ($3.51bn) and University of Notre Dame du Lac ($2.59bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $7.3m (0.2% of expenses). Other salaries and wages came to $1.29bn. It paid $647k in professional fundraising fees. At year end it held assets of $9.68bn against liabilities of $2.82bn, net assets of $6.86bn. It reported 28,506 employees.