Living Large: On Property, UPMC Spends Big and is Taxed Little from the Editorial Board of the Pittsburgh Post-Gazette
"A Post-Gazette series, "UPMC: Forging a Giant Footprint," raises questions about how state law treats rich nonprofit corporations. ... People around Pittsburgh know that UPMC is big. They just didn't know it was this big. The region's leading health care provider, which has $9.6 billion in annual revenue, 56,000 employees and 20 hospitals, also owns 656 acres of property in Allegheny County worth $1.6 billion. It is the county's largest property owner by value and, because of UPMC's nonprofit status, 86 percent of those holdings are tax-exempt."
"A Post-Gazette series, "UPMC: Forging a Giant Footprint," raises questions about how state law treats rich nonprofit corporations. ... People around Pittsburgh know that UPMC is big. They just didn't know it was this big. The region's leading health care provider, which has $9.6 billion in annual revenue, 56,000 employees and 20 hospitals, also owns 656 acres of property in Allegheny County worth $1.6 billion. It is the county's largest property owner by value and, because of UPMC's nonprofit status, 86 percent of those holdings are tax-exempt."
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