MAIMONIDES MEDICAL CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,807,630,671
Program Services
90%
Government Grants
8%
Investments
<1%
Other
<1%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$1,855,401,740
Salaries & Benefits
62%
Other
22%
Offices, Occupancy & IT
6%
Fees to Service Providers
6%
Depreciation
3%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,177,980
$3,591,534
+13%
Government Grants
$93,061,836
$152,823,079
+64%
Fundraising Events
$845,083
$898,930
+6%
Program Services
$1,517,259,643
$1,633,326,796
+8%
Membership Dues
$0
$0
-
Investments
$5,623,857
$10,036,492
+78%
Other
$4,252,554
$6,953,840
+64%
Total Revenues
$1,624,220,953
$1,807,630,671
+11%
Expenses
2023
2024
Change
Grants
$1,770,676
$2,242,063
+27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,029,097,055
$1,151,115,506
+12%
Fees to Service Providers
$88,964,030
$108,114,080
+22%
Advertising & Promotion
$5,004,783
$5,000,519
0%
Offices, Occupancy & IT
$93,367,056
$114,730,893
+23%
Interest
$5,042,984
$3,733,454
-26%
Depreciation
$56,779,123
$62,294,714
+10%
Other
$377,404,716
$408,170,511
+8%
Total Expenses
$1,657,430,423
$1,855,401,740
+12%
Net income
2023
2024
Change
Net income
-$33,209,470
-$47,771,069
-44%
Functional Expenses
Summary
2023
2024
Change
Program
$1,312,268,720
$1,488,889,510
+13%
Admin
$343,112,430
$364,065,741
+6%
Fundraising
$2,049,273
$2,446,489
+19%
Total Expenses
$1,657,430,423
$1,855,401,740
+12%
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