The Cleveland Clinic Foundation
The Cleveland Clinic Foundation reported $9.68 billion in revenue and $9.43 billion in expenses for calendar year 2024. Of every $100 it spent, $89.65 went to program services, $10.07 to management and general costs and $0.28 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.0% of the total. The highest compensation it reported for one person was $9,709,152 (DIRECTOR, PRESIDENT & CEO). 11,351 people received more than $100,000 in reportable compensation. Revenue rose 42% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $9.43BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $9.68B- Contributions & grants (non-government)$2.70 $262M
- Government grants$2.04 $197M
- Program service revenue$91.82 $8.90B
- Other revenue$3.44 $334M
Investment income was negative: −$16M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $9,709,152 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.10% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 11,351 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 11.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 19 of 22 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR, PRESIDENT & CEO Director/trustee, officer, 50.00 hrs/week | $7,650,847 | $0 | $2,058,305 | $9,709,152 |
| EVP, PRES NEO MKT (PART YR) Officer, 50.00 hrs/week | $1,610,899 | $0 | $1,849,042 | $3,459,941 |
| EVP, CFO & TREASURER Officer, 50.00 hrs/week | $3,127,004 | $0 | $45,792 | $3,172,796 |
| EVP, CHIEF CAREGIVER OFF & CAO Officer, 50.00 hrs/week | $2,157,469 | $0 | $656,036 | $2,813,505 |
| DIR, EVP ENTERPRISE CHIEF OF STAFF Director/trustee, officer, 50.00 hrs/week | $1,986,502 | $0 | $757,384 | $2,743,886 |
| CEO, CCAD (PART YR) Officer, 50.00 hrs/week | $2,538,489 | $0 | $51,057 | $2,589,546 |
| EVP, PRES NEO MKT (PART YR) Officer, 50.00 hrs/week | $1,929,479 | $0 | $650,840 | $2,580,319 |
| INSTITUTE CHIEF - HVTI Highest compensated employee, 50.00 hrs/week | $2,433,081 | $0 | $58,577 | $2,491,658 |
11,351 people received more than $100,000 in reportable compensation from The Cleveland Clinic Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $41M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 547,521
- Volunteers Part I, line 6603
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| QUALIVIS LLC Personnel services | $91,837,852 |
| TURNER CONSTRUCTION CO Construction services | $44,259,662 |
| GILBANE BUILDING CO Construction services | $32,320,738 |
| SIEMENS MEDICAL SOLUTIONS INC Healthcare it & engineering services | $29,380,339 |
| WHITING-TURNER CONTRACTING Construction services | $24,668,781 |
Individuals listed as contractors are left out. 626 contractors were paid more than $100,000 in all.
Private foundation grants it received
263 private foundations reported grants to The Cleveland Clinic Foundation totaling $34M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Cleveland Clinic Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Cleveland Clinic Foundation, you can publish a response that is linked from this page.
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Of every $100 The Cleveland Clinic Foundation spent in 2024, $89.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hackensack Meridian Health Inc-SubordinatesEdison, NJ · revenue $8.85B · programs 89.8% · 2024
- Providence Health & Services - WashingtonRenton, WA · revenue $9.73B · programs 62.9% · 2024
- Stanford Health CAREStanford, CA · revenue $8.68B · programs 94.8% · FY2025
- NYU Langone HospitalsNew York, NY · revenue $10.5B · programs 87.4% · FY2025
- Vanderbilt University Medical CenterNashville, TN · revenue $8.67B · programs 85.3% · FY2025
Questions people ask
How much of The Cleveland Clinic Foundation's spending goes to programs?
In calendar year 2024, The Cleveland Clinic Foundation reported that 89.7% of its $9.43 billion in expenses went to program services, 10.1% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does The Cleveland Clinic Foundation pay its top executive?
The largest total compensation The Cleveland Clinic Foundation reported for one person in calendar year 2024 was $9,709,152, for the role of DIRECTOR, PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Cleveland Clinic Foundation get its money?
Of $9.68 billion in revenue in calendar year 2024, 4.7% came from contributions and grants (including 2.0% from government grants) and 92.0% from program service revenue (Form 990, Part VIII).
Is The Cleveland Clinic Foundation a registered charity?
The IRS lists EIN 34-0714585 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349302136 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423199349303332 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343179349306024 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223149349305002 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143159349301799 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013049349301301 · read the filing
All filings for EIN 34-0714585: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.