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 $74.5m and spending of $74.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $71.7m to $74.5m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 106% 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 94th percentile: it is larger than about 94% 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 Ranken-Jordan Home for Convalescent Crippled Children ($74.5m), St Joseph Medical Group ($74.6m) and Wellmont Cardiology Services ($74.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 57% of the total. Other salaries and wages came to $47.7m. At year end it held assets of $4.7m against liabilities of $150.0m, net assets of -$145.3m. It reported 492 employees.