MAYO CLINIC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,929,118,794
Program Services
48%
Other
31%
Contributions
11%
Investments
6%
Government Grants
5%
Membership Dues
<1%
Fundraising Events
0%
Expenses in 2024
$6,313,480,074
Salaries & Benefits
61%
Other
14%
Grants
10%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$758,666,188
$844,336,974
+11%
Government Grants
$339,299,448
$389,093,352
+15%
Fundraising Events
$0
$0
-
Program Services
$3,356,722,496
$3,783,296,733
+13%
Membership Dues
$0
$1,095
-
Investments
$368,200,264
$460,236,048
+25%
Other
$2,602,082,529
$2,452,154,592
-6%
Total Revenues
$7,424,970,925
$7,929,118,794
+7%
Expenses
2023
2024
Change
Grants
$937,924,597
$607,369,592
-35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,588,745,921
$3,820,333,028
+6%
Fees to Service Providers
$280,058,611
$312,069,242
+11%
Advertising & Promotion
$1,322,162
$1,392,863
+5%
Offices, Occupancy & IT
$283,288,174
$347,710,431
+23%
Interest
$136,960,360
$136,287,411
0%
Depreciation
$177,819,204
$185,482,075
+4%
Other
$773,279,306
$902,835,432
+17%
Total Expenses
$6,179,398,335
$6,313,480,074
+2%
Net income
2023
2024
Change
Net income
+$1,245,572,590
+$1,615,638,720
+30%
Functional Expenses
Summary
2023
2024
Change
Program
$5,793,072,088
$5,911,136,257
+2%
Admin
$336,874,292
$345,097,176
+2%
Fundraising
$49,451,955
$57,246,641
+16%
Total Expenses
$6,179,398,335
$6,313,480,074
+2%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)