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 $201.7m and spending of $201.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $157.4m to $201.7m (+28%), an average of +6.4% a year. Over the whole period it spent 99% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include St Joseph Mercy Chelsea Inc ($201.6m), Rambam Health Corporation ($202.6m) and Alexian Brothers Health System ($201.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.2m (0.6% of expenses). Other salaries and wages came to $80.7m. At year end it held assets of $614.1m against liabilities of $280.2m, net assets of $334.0m. It reported 1,033 employees.