Albany Medical Center Group Organization
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 1,194,010,728 | 1,146,076,240 | 47,934,488 | 5.3 | 39% |
| 2015 | 1,262,342,383 | 1,233,801,496 | 28,540,887 | 5.0 | 40% |
| 2016 | 1,365,604,849 | 1,329,967,059 | 35,637,790 | 5.0 | 39% |
| 2017 | 1,440,298,081 | 1,415,783,446 | 24,514,635 | 5.4 | 39% |
| 2018 | 2,036,763,504 | 1,972,024,563 | 64,738,941 | 5.7 | 42% |
| 2019 | 2,134,879,752 | 2,096,418,542 | 38,461,210 | 6.0 | 42% |
| 2020 | 2,215,510,044 | 2,110,828,883 | 104,681,161 | 6.7 | 42% |
| 2021 | 2,777,242,884 | 2,637,281,628 | 139,961,256 | 6.9 | 42% |
| 2022 | 2,804,293,485 | 2,883,344,456 | −79,050,971 | 5.5 | 44% |
| 2023 | 3,043,687,323 | 3,093,087,048 | −49,399,725 | 5.2 | 45% |
In its most recent public year (2023), this organization spent $49,399,725 more than it brought in. Its reserves stood at about 5.2 months of spending. Staff pay was 45% of spending. $228,840,637 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
Albany Medical Center Group Organization's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works