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 $174.1m and spending of $157.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $129.7m to $174.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% 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 96% 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 Hospital & Health Center Inc ($173.8m), Arkansas Health Group ($174.1m) and Human Care Services for Families & Children Inc ($173.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $50.2m. At year end it held assets of $101.0m against liabilities of $98.2m, net assets of $2.8m. It reported 917 employees.