THE QUEEN'S MEDICAL CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,751,171,880
Program Services
89%
Other
9%
Investments
2%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,529,516,528
Salaries & Benefits
47%
Other
34%
Fees to Service Providers
11%
Depreciation
3%
Offices, Occupancy & IT
3%
Interest
2%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,618,798
$2,214,177
-39%
Government Grants
$10,978,442
$7,523,903
-31%
Fundraising Events
$0
$0
-
Program Services
$1,444,882,136
$1,550,574,167
+7%
Membership Dues
$0
$0
-
Investments
$28,953,711
$36,426,501
+26%
Other
$67,548,327
$154,433,132
+129%
Total Revenues
$1,555,981,414
$1,751,171,880
+13%
Expenses
2023
2024
Change
Grants
$4,405,117
$4,737,746
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$683,894,729
$717,522,988
+5%
Fees to Service Providers
$152,639,693
$171,715,449
+12%
Advertising & Promotion
$112,464
$115,774
+3%
Offices, Occupancy & IT
$43,350,767
$41,418,874
-4%
Interest
$25,529,747
$25,568,721
+0%
Depreciation
$48,807,254
$50,420,833
+3%
Other
$460,250,756
$518,016,143
+13%
Total Expenses
$1,418,990,527
$1,529,516,528
+8%
Net income
2023
2024
Change
Net income
+$136,990,887
+$221,655,352
+62%
Functional Expenses
Summary
2023
2024
Change
Program
$1,350,868,587
$1,454,236,364
+8%
Admin
$67,932,374
$75,203,507
+11%
Fundraising
$189,566
$76,657
-60%
Total Expenses
$1,418,990,527
$1,529,516,528
+8%
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