Heritage Valley-Upmc Multispecialty Group Inc

Analysis

Heritage Valley-Upmc Multispecialty Group Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heritage Valley-Upmc Multispecialty Group Inc reported income of $536k and spending of $1.3m, spending 248% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $536k (-49%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 196% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heritage Valley-Upmc Multispecialty Group Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Hearts & Hands Clinic Inc a Volunteers in Medicine Alliance ($536k), Orthopaedic Innovation Technology Center Inc ($536k) and Atlanta Neuroscience Foundation Inc ($536k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $817k. At year end it held assets of $144k against liabilities of $315k, net assets of -$172k.

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.