Cleveland Clinic Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,363,351,807 | 6,117,763,783 | 245,588,024 | 8.6 | 43% |
| 2012 | 7,011,272,096 | 6,559,634,961 | 451,637,135 | 9.2 | 43% |
| 2013 | 7,565,105,720 | 6,825,082,036 | 740,023,684 | 10.9 | 44% |
| 2014 | 7,523,260,077 | 6,836,839,104 | 686,420,973 | 12.0 | 43% |
| 2015 | 7,766,891,918 | 7,031,439,782 | 735,452,136 | 12.3 | 43% |
| 2016 | 8,907,956,801 | 8,486,267,857 | 421,688,944 | 11.6 | 43% |
| 2017 | 9,399,062,405 | 8,774,576,074 | 624,486,331 | 13.0 | 43% |
| 2018 | 10,007,442,564 | 9,325,282,744 | 682,159,820 | 12.6 | 43% |
| 2019 | 11,558,538,378 | 10,174,700,285 | 1,383,838,093 | 13.8 | 44% |
| 2020 | 12,265,220,306 | 10,902,845,543 | 1,362,374,763 | 15.0 | 44% |
| 2021 | 14,324,749,704 | 12,185,626,553 | 2,139,123,151 | 15.9 | 45% |
| 2022 | 13,520,304,842 | 13,664,847,850 | −144,543,008 | 13.6 | 45% |
| 2023 | 15,603,812,916 | 14,776,307,706 | 827,505,210 | 13.6 | 46% |
In its most recent public year (2023), this organization brought in $827,505,210 more than it spent. Its reserves stood at about 13.6 months of spending, up from 8.6 in 2011. Staff pay was 46% of spending. $1,811,863,770 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
Cleveland Clinic Foundation'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