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 $130.3m and spending of $133.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $83.1m to $130.3m (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 109% 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 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include South Florida Behavioral Health Network Incorporated ($130.2m), Emanate Health Foothill Presbyterian Hospital ($130.6m) and Presbyterian Medical Services ($130.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Other salaries and wages came to $42.6m. At year end it held assets of $62.6m against liabilities of $59.8m, net assets of $2.8m. It reported 738 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.