Lahey Clinic Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 291,194,396 | 389,866,613 | −98,672,217 | 2.0 | 72% |
| 2021 | 350,834,884 | 388,548,728 | −37,713,844 | 2.8 | 75% |
| 2022 | 361,277,977 | 411,373,162 | −50,095,185 | 1.5 | 75% |
| 2023 | 337,273,093 | 412,489,983 | −75,216,890 | 2.0 | 81% |
In its most recent public year (2023), this organization spent $75,216,890 more than it brought in. Its reserves stood at about 2 months of spending. Staff pay was 81% of spending. $65,014,095 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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