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 2023, Upmc reported income of $496.7m and spending of $454.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $402.8m to $496.7m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 85% 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 Marietta Memorial Hospital ($496.6m), Highland Hospital of Rochester ($497.7m) and University Health Services Inc ($495.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 35% of the total. At year end it held assets of $10.35bn against liabilities of $10.49bn, net assets of -$146.0m.