The Queens Medical Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 702,071,397 | 668,984,863 | 33,086,534 | 7.0 | 39% |
| 2012 | 751,169,646 | 702,093,291 | 49,076,355 | 6.3 | 40% |
| 2013 | 856,571,313 | 746,887,088 | 109,684,225 | 8.0 | 41% |
| 2014 | 851,143,523 | 819,957,693 | 31,185,830 | 8.6 | 41% |
| 2015 | 1,003,462,164 | 953,400,644 | 50,061,520 | 8.0 | 40% |
| 2016 | 1,077,513,249 | 1,041,162,748 | 36,350,501 | 6.9 | 39% |
| 2017 | 1,126,627,151 | 1,090,653,344 | 35,973,807 | 7.9 | 39% |
| 2018 | 1,189,712,302 | 1,108,130,738 | 81,581,564 | 9.4 | 38% |
| 2019 | 1,229,714,232 | 1,108,914,850 | 120,799,382 | 10.6 | 39% |
| 2020 | 1,273,976,580 | 1,180,643,292 | 93,333,288 | 10.4 | 41% |
| 2021 | 1,389,185,759 | 1,345,887,984 | 43,297,775 | 12.5 | 41% |
| 2022 | 1,567,909,818 | 1,531,614,405 | 36,295,413 | 10.0 | 44% |
| 2023 | 1,555,981,414 | 1,418,990,527 | 136,990,887 | 12.6 | 39% |
In its most recent public year (2023), this organization brought in $136,990,887 more than it spent. Its reserves stood at about 12.6 months of spending, up from 7 in 2011. Staff pay was 39% of spending. $24,349,354 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
The Queens Medical Center'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