BOSTON MEDICAL CENTER CORPORATION
BOSTON MEDICAL CENTER CORPORATION
BOSTON MEDICAL CENTER CORPORATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$2,600,525,380
Program Services
97%
Other
1%
Contributions
<1%
Investments
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,641,501,168
Other
48%
Salaries & Benefits
37%
Fees to Service Providers
5%
Depreciation
4%
Offices, Occupancy & IT
4%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$16,051,398
$22,830,138
+42%
Government Grants
$12,024,996
$0
-100%
Fundraising Events
$3,658,790
$3,654,435
0%
Program Services
$2,291,325,655
$2,528,877,780
+10%
Membership Dues
$0
$0
-
Investments
$18,699,125
$16,515,512
-12%
Other
$38,522,392
$28,647,515
-26%
Total Revenues
$2,380,282,356
$2,600,525,380
+9%
Expenses
2023
2024
Change
Grants
$23,488,375
$17,866,158
-24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$922,937,585
$966,504,241
+5%
Fees to Service Providers
$142,328,454
$136,584,851
-4%
Advertising & Promotion
$597,007
$2,628,850
+340%
Offices, Occupancy & IT
$83,918,593
$107,215,128
+28%
Interest
$22,692,170
$24,770,439
+9%
Depreciation
$105,951,762
$109,538,119
+3%
Other
$1,116,898,209
$1,276,393,382
+14%
Total Expenses
$2,418,812,155
$2,641,501,168
+9%
Net income
2023
2024
Change
Net income
-$38,529,799
-$40,975,788
-6%
Functional Expenses
Summary
2023
2024
Change
Program
$2,139,206,440
$2,328,555,639
+9%
Admin
$265,832,614
$303,154,919
+14%
Fundraising
$13,773,101
$9,790,610
-29%
Total Expenses
$2,418,812,155
$2,641,501,168
+9%
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