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enemy_of_your_enema t1_iwll0jb wrote

Reply to comment by Do_Be_Suspicious in upmc by Safe-Pop2076

>UPMC is especially disgusting in that they claim to be a "nonprofit" and they don't pay property taxes despite being the second-largest (as of 6 years ago when I started there) employer in Pennsylvania.

I don't understand this point. Can a nonprofit not be large?

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Marchesa_07 t1_iwmhuy7 wrote

Bro. . .

Back in 2012:

"UPMC is a global health enterprise worth more than $10 billion and is sitting on more than $4 billion in cash and investments.

"UPMC made nearly $1 billion in profit in 2011 (see note 6 on page 12) and 2012 but gives less than 2% back of its annual patient care revenue in charity care.

UPMC has shut down and scaled back operations around Allegheny county, like in hard-hit communities like Braddock. At the same time, it’s investing millions overseas in places like Italy, Cyprus and Singapore"

http://www.fairsharepittsburgh.com/facts/#:~:text=UPMC%20is%20the%20largest%20landowner,of%20property%20in%20Pittsburgh%20alone.

How does UPMC qualify for non profit status? Why cannot US Steel, PNC, PPG, Alcoa, Amazon qualify for non profit status?

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enemy_of_your_enema t1_iwmr29q wrote

Nonprofits simply must reinvest any profits back into their organization, rather than give them out as dividends to owners or shareholders. US Steel, Alcoa, etc, do the latter, so they aren't nonprofits.

I believe there's also some kind of requirement for nonprofits to spend a certain amount of money on community benefits, which is broader than just charity care. I don't know if they adhere to that rule or not.

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Free_Lawfulness2263 t1_iwlypq7 wrote

Why are you bootlicking for an enormous corporate entity? One which has shown repeatedly though it’s actions how little it cares for the residents of this city, this state, and their own employees lmao.

Get the boot out of your mouth and try looking at this objectively. From a taxpaying citizens point of view.

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enemy_of_your_enema t1_iwmr94e wrote

I'm not bootlicking - just trying to understand this issue better and trying to correct misinformation about what being a "nonprofit" does and doesn't mean.

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