Lahey Clinic Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,685,194 | 2,825,481 | 1,859,713 | 845.2 | 0% |
| 2021 | 37,603,944 | 1,070,284 | 36,533,660 | 4123.2 | 0% |
| 2022 | 33,558,820 | 672,827 | 32,885,993 | 7093.0 | 0% |
| 2023 | 14,529,877 | 2,541,358 | 11,988,519 | 2296.6 | 0% |
In its most recent public year (2023), this organization brought in $11,988,519 more than it spent. Its reserves stood at about 2296.6 months of spending, up from 845.2 in 2020. Staff pay was 0% of spending. $136,540,784 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 2023. 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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