ALBANY MEDICAL CENTER GROUP ORGANIZATION

ALBANY MEDICAL CENTER GROUP ORGANIZATION

Albany, NY, US
501(c)3
EIN
47-3869194
DAF Sponsor
School
Hospital
Regional Funder
Subordinate Organization

ALBANY MEDICAL CENTER GROUP ORGANIZATION

Albany, NY, US
501(c)3
EIN
47-3869194
DAF Sponsor
School
Hospital
Regional Funder
Subordinate Organization

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$3,278,662,634

Program Services
87%
Other
10%
Investments
1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$3,228,222,449

Salaries & Benefits
51%
Other
34%
Fees to Service Providers
6%
Offices, Occupancy & IT
5%
Depreciation
3%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$24,335,869
$19,172,112
-21%
Government Grants
$24,929,054
$28,614,253
+15%
Fundraising Events
$3,064,635
$3,327,917
+9%
Program Services
$2,703,105,909
$2,860,440,358
+6%
Membership Dues
$0
$0
-
Investments
$26,236,183
$33,568,215
+28%
Other
$262,015,673
$333,539,779
+27%
Total Revenues
$3,043,687,323
$3,278,662,634
+8%
Expenses
2023
2024
Change
Grants
$18,044,083
$18,570,908
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,592,170,750
$1,656,395,264
+4%
Fees to Service Providers
$178,285,440
$179,241,761
+1%
Advertising & Promotion
$3,905,600
$4,288,215
+10%
Offices, Occupancy & IT
$251,469,361
$156,234,510
-38%
Interest
$22,017,582
$21,456,711
-3%
Depreciation
$101,211,132
$96,529,548
-5%
Other
$925,983,100
$1,095,505,532
+18%
Total Expenses
$3,093,087,048
$3,228,222,449
+4%
Net income
2023
2024
Change
Net income
-$49,399,725
+$50,440,185
-202%
Functional Expenses
Summary
2023
2024
Change
Program
$2,684,734,514
$2,792,487,197
+4%
Admin
$403,485,254
$430,867,683
+7%
Fundraising
$4,867,280
$4,867,569
+0%
Total Expenses
$3,093,087,048
$3,228,222,449
+4%
Income Statement
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