990 Scout/ Mayo Clinic/ Financials

Financial Information for Mayo Clinic

Mayo Clinic's annual revenue was $7.9B in tax year 2024, reported on their IRS Form 990. They spent $6.3B in total expenses. 94% went to programs and services.

Financial Breakdown

What is Mayo Clinic's total annual expenses?

Mayo Clinic spent $6.3B in tax year 2024, according to their IRS Form 990 filing.

How much of Mayo Clinic's budget goes to programs?

Mayo Clinic spent $5.9B (94% of expenses) on programs and services in tax year 2024.

How much does Mayo Clinic spend on overhead?

Mayo Clinic's overhead in tax year 2024 includes administrative (5%) and fundraising (1%) of their expenses.

What is Mayo Clinic's net worth?

Mayo Clinic had net assets of $16.5B as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.