What is Mayo Clinic's total revenue?

Mayo Clinic reported total revenue of $7.08B for tax year 2022 on its IRS Form 990, against $5.68B in total expenses and $330.6M in net income.

What are Mayo Clinic's total assets?

Mayo Clinic reported total assets of $22.11B and net assets of $12.53B on its FY2022 IRS Form 990.

Where can I find Mayo Clinic's IRS Form 990?

Mayo Clinic files IRS Form 990 annually under EIN 41-6011702. The financial summary, executive compensation, and community benefit data are shown on this page; the original filing is also available directly from the IRS.

IRS Form 990 · EIN 41-6011702

Mayo Clinic

Rochester, MN 55903-4007 · Tax year 2022

NTEE E21Original filing PDF →

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$7.08B

Total revenue

$5.68B

Total expenses

$330.6M

Net income

4.7%

Operating margin

Financial summary

Total revenue: $7.08B
Contributions + grants: $2.39B
Program service revenue: $4.05B
Total expenses: $5.68B
Program expenses: —
Administrative expenses: —
Fundraising expenses: —
Net income: $330.6M
Total assets: $22.11B
Total liabilities: $9.58B
Net assets: $12.53B

Peer comparison

Compared to 32 organizations with NTEE E21 in MN

Avg revenue (peers)

$1.00B

This org:$7.08B

Avg net income (peers)

$3.9M

This org:$330.6M

Avg top exec comp (peers)

$1.1M

This org (highest):$1.6M

Executive compensation (FY2024)

160 officers + key employees from the most recent Schedule J filing (FY2024; the financial summary above is FY2022)

Name	Title	Hours/wk	Base comp	Total comp
LANZINO MD GIUSEPPE	PHYSICIAN	40	$1.6M	$1.6M
LANZINO MD GIUSEPPE	PHYSICIAN	40	$1.3M	$1.6M
GORES MD GREGORY J	FORMER KEY EMPLOYEE	40	$1.2M	$1.6M
GORES MD GREGORY J	FORMER KEY EMPLOYEE	40	$1.6M	$1.6M
KRAUSS MD WILLIAM E	PHYSICIAN	40	$1.6M	$1.6M
KRAUSS MD WILLIAM E	PHYSICIAN	40	$1.3M	$1.6M
CLARKE MD MICHELLE J	PHYSICIAN	40	$1.3M	$1.6M
CLARKE MD MICHELLE J	PHYSICIAN	40	$1.5M	$1.6M
MARSH MD W RICHARD	DIR-SPINE CENTER	40	$1.5M	$1.5M
MARSH MD W RICHARD	DIR-SPINE CENTER	40	$1.2M	$1.5M
SPINNER MD ROBERT J	PHYSICIAN	40	$1.4M	$1.5M
SPINNER MD ROBERT J	PHYSICIAN	40	$1.2M	$1.5M
SHAH MD VIJAY	EXECUTIVE DEAN OF RESEARCH	40	$1.0M	$1.3M
SHAH MD VIJAY	EXECUTIVE DEAN OF RESEARCH	40	$1.2M	$1.3M
OTLEY MD CLARK C	FORMER KEY EMPLOYEE	40	$952K	$1.2M
OTLEY MD CLARK C	FORMER KEY EMPLOYEE	40	$1.2M	$1.2M
WILLIAMSON MARY J	CAO-MCS	40	$967K	$1.2M
WILLIAMSON MARY J	CAO-MCS	40	$1.1M	$1.2M
MORICE MD WILLIAM G	CEO-MCS	40	$918K	$1.2M
MORICE MD WILLIAM G	CEO-MCS	40	$1.1M	$1.2M
ARNETT JENNIFER P	CHIEF DEVELOPMENT OFFICER	40	$1.1M	$1.1M
ARNETT JENNIFER P	CHIEF DEVELOPMENT OFFICER	40	$965K	$1.1M
RIHAL MD CHARANJIT S	TRUSTEE	40	$1.0M	$1.1M
RIHAL MD CHARANJIT S	TRUSTEE	40	$824K	$1.1M
CALLSTROM MD MATTHEW R	TRUSTEE	40	$809K	$1.1M

10-year history

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	—	—	—	—
2022	$7.08B	$5.68B	$330.6M	$22.11B
2021	$7.99B	$5.77B	$736.0M	$20.54B
2020	$6.70B	$5.54B	$288.8M	$16.53B
2019	$6.82B	$5.68B	$292.7M	$13.13B
2018	$6.42B	$5.63B	$291.6M	$12.31B
2017	$6.14B	$5.83B	$311.4M	$11.31B
2016	$5.15B	$4.89B	$157.1M	$10.57B
2015	$4.72B	$4.45B	$179.2M	$10.05B

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