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 $1.45bn and spending of $1.52bn, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.11bn to $1.45bn (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 94% 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 99th 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 Forsyth Memorial Hospital Inc ($1.44bn), MCHS Hospitals Inc ($1.46bn) and St Lukes Hospital ($1.43bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Other salaries and wages came to $502.4m. At year end it held assets of $978.8m against liabilities of $1.31bn, net assets of -$328.3m. It reported 6,357 employees.