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 $522.6m and spending of $522.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $168.8m to $522.6m (+210%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 102% 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 Centro de Salud de LA Comunidad de San Ysidro Inc ($521.8m), Edward W Sparrow Hospital Association ($524.3m) and Agnesian Healthcare Inc ($521.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $1.4m (0.3% of expenses). Other salaries and wages came to $336.4m. At year end it held assets of $103.0m against liabilities of $806.5m, net assets of -$703.5m. It reported 3,225 employees.