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 $15.4m and spending of $26.4m, spending 171% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $12.1m to $15.4m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 168% 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 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Peabody Management Systems Inc ($15.4m), Self Help Movement Inc ($15.4m) and Green & Healthy Homes Initiative Inc ($15.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 4.1% and program service revenue 83% of the total. Other salaries and wages came to $16.2m. At year end it held assets of $5.1m against liabilities of $3.9m, net assets of $1.2m. It reported 210 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.