MIDDLESEX HOSPITAL
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$539,655,486
Program Services
94%
Other
4%
Investments
1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$493,737,848
Salaries & Benefits
58%
Other
20%
Fees to Service Providers
9%
Offices, Occupancy & IT
7%
Depreciation
6%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,464,087
$1,868,494
-24%
Government Grants
$3,252,734
$2,809,685
-14%
Fundraising Events
$215,791
$231,120
+7%
Program Services
$486,141,966
$505,943,479
+4%
Membership Dues
$0
$0
-
Investments
$6,789,177
$7,663,604
+13%
Other
$13,775,483
$21,139,104
+53%
Total Revenues
$512,639,238
$539,655,486
+5%
Expenses
2023
2024
Change
Grants
$150,290
$167,590
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$270,194,556
$286,209,974
+6%
Fees to Service Providers
$43,740,663
$43,726,332
0%
Advertising & Promotion
$3,688,247
$2,313,770
-37%
Offices, Occupancy & IT
$40,930,453
$32,750,585
-20%
Interest
$853,853
$779,102
-9%
Depreciation
$27,609,032
$28,379,514
+3%
Other
$98,544,838
$99,410,981
+1%
Total Expenses
$485,711,932
$493,737,848
+2%
Net income
2023
2024
Change
Net income
+$26,927,306
+$45,917,638
+71%
Functional Expenses
Summary
2023
2024
Change
Program
$432,848,109
$441,919,291
+2%
Admin
$51,869,356
$50,823,200
-2%
Fundraising
$994,467
$995,357
+0%
Total Expenses
$485,711,932
$493,737,848
+2%
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