University of Maryland Medical System Corporation

University of Maryland Medical System Corporation

Baltimore, MD, US
501(c)3
EIN
52-1362793
Hospital
Regional Funder

University of Maryland Medical System Corporation

Baltimore, MD, US
501(c)3
EIN
52-1362793
Hospital
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$2,390,332,989

Program Services
94%
Other
4%
Investments
1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$2,288,170,142

Salaries & Benefits
48%
Other
43%
Depreciation
4%
Offices, Occupancy & IT
2%
Fees to Service Providers
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$1,451,477
-
Government Grants
$31,354,332
$12,602,903
-60%
Fundraising Events
$0
$0
-
Program Services
$2,136,756,790
$2,245,862,669
+5%
Membership Dues
$0
$0
-
Investments
$9,427,567
$28,066,912
+198%
Other
$51,614,158
$102,349,028
+98%
Total Revenues
$2,229,152,847
$2,390,332,989
+7%
Expenses
2023
2024
Change
Grants
$9,027,313
$2,034,504
-77%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,032,531,966
$1,099,109,876
+6%
Fees to Service Providers
$121,060,293
$48,665,422
-60%
Advertising & Promotion
$8,469,971
$9,865,890
+16%
Offices, Occupancy & IT
$59,346,644
$50,212,022
-15%
Interest
$21,214,679
$16,939,905
-20%
Depreciation
$103,606,404
$88,294,330
-15%
Other
$794,366,853
$973,048,193
+22%
Total Expenses
$2,149,624,123
$2,288,170,142
+6%
Net income
2023
2024
Change
Net income
+$79,528,724
+$102,162,847
+28%
Functional Expenses
Summary
2023
2024
Change
Program
$2,111,300,777
$2,357,270,648
+12%
Admin
$38,323,346
-$69,100,506
-280%
Fundraising
$0
$0
-
Total Expenses
$2,149,624,123
$2,288,170,142
+6%
Income Statement
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