The Cleveland Clinic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,032,042,495 | 6,338,900,378 | 693,142,117 | 13.4 | 45% |
| 2021 | 8,056,049,799 | 6,852,996,449 | 1,203,053,350 | 14.9 | 45% |
| 2022 | 7,583,607,049 | 7,671,629,275 | −88,022,226 | 12.7 | 45% |
In its most recent public year (2022), this organization spent $88,022,226 more than it brought in. Its reserves stood at about 12.7 months of spending. Staff pay was 45% of spending. $856,422,029 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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