Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1947.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
80 people listed on the 990; $34.5M paid to officers and key staff.
Gores MD Gregory J’s $1.6M as Former Key Employee is at the 74th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Gores MD Gregory J | $1,589,132 | $1,491,256 | $1,301,223 | $1,243,899 | $1,182,079 |
| Krauss MD William E | $1,576,058 | $1,523,588 | $1,463,000 | $1,423,636 | $1,392,448 |
| Lanzino MD Giuseppe | $1,554,724 | $1,513,030 | $1,452,631 | $1,352,629 | $1,326,683 |
| Clarke MD Michelle J | $1,495,190 | $1,359,482 | $1,327,940 | $1,292,887 | $1,270,221 |
| Marsh MD W Richard | $1,479,544 | $1,433,287 | $1,378,411 | $1,329,674 | $1,304,128 |
| Harper JR MD Charles M | — | — | $1,042,860 | $1,356,080 | $1,473,520 |
| Spinner MD Robert J | $1,414,774 | $1,368,740 | — | — | — |
| Pichelmann MD Mark a | — | — | $1,405,818 | $1,357,302 | $1,268,295 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides world-class patient care, conducts medical research, and trains healthcare professionals to improve public health and advance medical knowledge.
Questions for Mayo Clinic
Your first name shows with your question. Mayo Clinic answers here, for everyone.
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Patient Care (see Schedule O for Description)patient Care
Mayo clinic is an integrated, not-for-profit medical group practice. Its standard of care brings together teams of experts to provide high-quality, affordable and compassionate care to each patient consistent with mayo clinic's primary value - the needs of the patient come first.
Medical research (see schedule o for description)medical research:mayo clinic is one of the premier medical research organizations in the world. Innovation and improvement of science and the delivery of health care are enhanced through mayo clinic's research programs.
Medical education (see schedule o for description)medical education:medical education, research training, continuous medical life-long learning and a committed quest for new knowledge are integral functions of mayo clinic.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.18B | $1.47B |
| InvestmentsLn 11–13 | $17.80B | $20.67B |
| Land, buildings, equipmentLn 10c | $1.58B | $1.70B |
| Total assetsLn 16 | $23.34B | $26.68B |
| LiabilitiesLn 26 | $9.96B | $10.17B |
| Net assetsLn 32 | $13.38B | $16.51B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $572.4M | $572.4M | ||
| Grants to domestic individualsLn 2 | $32.8M | $32.8M | ||
| Grants and assistance to foreign recipientsLn 3 | $2.2M | $2.2M | ||
| Pay of current officers, directors and key staffLn 5 | $21.7M | $17.7M | $2.7M | $1.4M |
| Pay of disqualified personsLn 6 | $12.7M | $10.9M | $1.7M | $99K |
| Other salaries and wagesLn 7 | $2.91B | $2.79B | $94.4M | $30.0M |
| Pension plan contributionsLn 8 | $142.6M | $132.8M | $7.5M | $2.4M |
| Other employee benefitsLn 9 | $551.7M | $529.7M | $17.4M | $4.6M |
| Payroll taxesLn 10 | $194.1M | $185.3M | $6.7M | $2.1M |
| Legal feesLn 11b | $754K | $203K | $186K | $366K |
| Accounting feesLn 11c | $1.3M | $1.3M | ||
| Lobbying feesLn 11d | $196K | $196K | ||
| Professional fundraising feesLn 11e | $1.3M | $1.3M | ||
| Investment management feesLn 11f | $3.8M | $3.8M | ||
| Other fees for servicesLn 11g | $305.0M | $276.1M | $19.8M | $9.2M |
| Advertising and promotionLn 12 | $1.4M | $1.2M | $173K | $243 |
| Office expensesLn 13 | $210.7M | $199.4M | $8.8M | $2.6M |
| Information technologyLn 14 | $67.4M | $65.2M | $2.2M | |
| RoyaltiesLn 15 | $5.6M | $5.6M | $4K | |
| OccupancyLn 16 | $69.6M | $34.5M | $34.1M | $938K |
| TravelLn 17 | $62.6M | $59.1M | $1.7M | $1.9M |
| Conferences, conventions and meetingsLn 19 | $8.3M | $8.1M | $59K | $167K |
| InterestLn 20 | $136.3M | $279K | $136.0M | |
| Depreciation, depletion and amortizationLn 22 | $185.5M | $184.6M | $877K | $49K |
| InsuranceLn 23 | $38.9M | $38.9M | ||
| Other expenses (24a–d)Ln 24 | $735.5M | $731.4M | $3.8M | $260K |
| All other expensesLn 24e | $39.0M | $37.0M | $2.1M | $36K |
| Total functional expensesLn 25 | $6.31B | $5.91B | $345.1M | $57.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $7.9B | $6.3B | $1.6B | $16.5B | 990 PDF |
| FY2023 | $7.4B | $6.2B | $1.2B | $13.4B | 990 PDF |
| FY2022 | $7.1B | $5.7B | $1.4B | $12.5B | 990 PDF |
| FY2021 | $8.0B | $5.8B | $2.2B | $10.4B | 990 PDF |
| FY2020 | $6.7B | $5.5B | $1.2B | $5.5B | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $7,929,118,794 revenue, 12 lines filed
Part VI · Governance 18 of 32 board members independent, 2 to look at
Part VIII · Statement of revenue $7,929,118,794 across 14 lines filed
Part IX · Statement of functional expenses $6,313,480,074 across 27 lines filed
Part X · Balance sheet $26,682,635,058 assets, 21 lines filed
Part XI · Reconciliation of net assets $16,509,435,952 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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