GRADY MEMORIAL HOSPITAL CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,689,147,008
Program Services
89%
Contributions
6%
Government Grants
2%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,433,877,422
Salaries & Benefits
41%
Other
32%
Fees to Service Providers
19%
Depreciation
4%
Offices, Occupancy & IT
3%
Grants
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$163,421,787
$162,950,419
0%
Government Grants
$55,500,005
$61,888,375
+12%
Fundraising Events
$0
$0
-
Program Services
$2,084,616,024
$2,400,497,511
+15%
Membership Dues
$0
$0
-
Investments
$9,449,938
$16,356,157
+73%
Other
$43,288,828
$47,454,546
+10%
Total Revenues
$2,356,276,582
$2,689,147,008
+14%
Expenses
2023
2024
Change
Grants
$16,444,652
$16,134,785
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$852,803,469
$1,002,916,363
+18%
Fees to Service Providers
$435,392,569
$458,629,533
+5%
Advertising & Promotion
$4,193,459
$5,812,772
+39%
Offices, Occupancy & IT
$66,793,335
$71,318,780
+7%
Interest
$1,252,936
$4,391,979
+251%
Depreciation
$79,751,445
$87,824,465
+10%
Other
$728,986,082
$786,848,745
+8%
Total Expenses
$2,185,617,947
$2,433,877,422
+11%
Net income
2023
2024
Change
Net income
+$170,658,635
+$255,269,586
+50%
Functional Expenses
Summary
2023
2024
Change
Program
$1,789,199,905
$2,012,878,896
+13%
Admin
$396,418,042
$420,998,526
+6%
Fundraising
$0
$0
-
Total Expenses
$2,185,617,947
$2,433,877,422
+11%
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