Baylor College of Medicine
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,756,402,389
Program Services
69%
Government Grants
21%
Contributions
6%
Other
3%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$2,764,396,268
Salaries & Benefits
71%
Fees to Service Providers
10%
Other
8%
Grants
5%
Offices, Occupancy & IT
3%
Depreciation
2%
Interest
1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$170,210,573
$161,119,578
-5%
Government Grants
$577,167,833
$583,849,083
+1%
Fundraising Events
$0
$238,274
-
Program Services
$1,682,086,159
$1,895,308,751
+13%
Membership Dues
$0
$0
-
Investments
$27,759,407
$38,270,942
+38%
Other
$97,547,637
$77,615,761
-20%
Total Revenues
$2,554,771,609
$2,756,402,389
+8%
Expenses
2023
2024
Change
Grants
$134,539,105
$138,561,822
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,692,626,333
$1,958,806,574
+16%
Fees to Service Providers
$293,436,678
$282,719,878
-4%
Advertising & Promotion
$186,665
$0
-100%
Offices, Occupancy & IT
$88,203,682
$78,287,004
-11%
Interest
$25,839,578
$29,937,519
+16%
Depreciation
$57,366,305
$58,147,146
+1%
Other
$278,979,876
$217,936,325
-22%
Total Expenses
$2,571,178,222
$2,764,396,268
+8%
Net income
2023
2024
Change
Net income
-$16,406,613
-$7,993,879
+51%
Functional Expenses
Summary
2023
2024
Change
Program
$2,382,291,116
$2,531,649,731
+6%
Admin
$178,972,434
$220,958,686
+23%
Fundraising
$9,914,672
$11,787,851
+19%
Total Expenses
$2,571,178,222
$2,764,396,268
+8%
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