Mayo Clinic Group Return
Mayo Clinic Group Return reported $14.89 billion in revenue and $14.33 billion in expenses for calendar year 2024. Of every $100 it spent, $85.11 went to program services, $14.87 to management and general costs and $0.02 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 93.1% of the total. The highest compensation it reported for one person was $4,888,096 (DIRECTOR/CEO/PRESIDENT). 15,526 people received more than $100,000 in reportable compensation. Revenue rose 43% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $14.3BFor 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 $14.9BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 93.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $4,888,096 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.03% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 15,526 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 47 of 186 | 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/CEO/PRESIDENT Director/trustee, officer, key employee, 40.00 hrs/week | $4,822,235 | $0 | $65,861 | $4,888,096 |
| DIRECTOR/CHAIR/CEO FL Director/trustee, officer, key employee, 40.00 hrs/week | $3,113,840 | $0 | $92,959 | $3,206,799 |
| DIR/CHAIR/CEO AZ/FORMER KEY Director/trustee, officer, key employee, 40.00 hrs/week | $3,110,824 | $0 | $91,199 | $3,202,023 |
| DIR/VICE CHAIR/EXEC DEAN OF PRACTICE Director/trustee, officer, key employee, 40.00 hrs/week | $2,299,102 | $0 | $29,667 | $2,328,769 |
| DIR/CAO/FORMER OFFICER Director/trustee, officer, key employee, 40.00 hrs/week | $2,087,648 | $0 | $81,916 | $2,169,564 |
| DIRECTOR/VP/FORMER OFFICER Director/trustee, officer, 40.00 hrs/week | $1,888,039 | $0 | $102,215 | $1,990,254 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $1,935,509 | $0 | $42,552 | $1,978,061 |
| SECRETARY/ASST SECY Officer, 40.00 hrs/week | $1,785,340 | $0 | $53,341 | $1,838,681 |
15,526 people received more than $100,000 in reportable compensation from Mayo Clinic Group Return (Part VII, line 2). Compensation of current officers, directors and key employees totaled $101M (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–1b186 · 47 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 15aNo
- Board given the 990 before filing Part VI 11aYes
- 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 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 565,470
- Volunteers Part I, line 63,122
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| KNUTSON CONSTRUCTION SERVICES ROCHESTER Construction services | $186,579,848 |
| RIGHT SOURCING INC Workforce support services | $156,080,635 |
| MORRISON MANAGEMENT SPECIALISTS Food services | $101,570,158 |
| DPR CONSTRUCTION A GENERAL PARTNERSHIP Construction services | $57,897,867 |
Individuals listed as contractors are left out. 1,658 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Mayo Clinic Group Return totaling $125 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 Mayo Clinic Group Return's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mayo Clinic Group Return, you can publish a response that is linked from this page.
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Of every $100 Mayo Clinic Group Return spent in 2024, $85.11 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Healthfirst PHSPNew York, NY · revenue $12.2B · programs 97.7% · 2024
- The Cleveland Clinic FoundationIndependence, OH · revenue $17.2B · programs 90.0% · 2024
- Dignity HealthPhoenix, AZ · revenue $11.6B · programs 88.9% · FY2025
- Mass General Brigham Incorporated & Affiliates Group ReturnSomerville, MA · revenue $24.9B · programs 94.1% · FY2025
- Bon Secours Mercy HealthBlue Ash, OH · revenue $11.5B · programs 90.3% · 2024
Questions people ask
How much of Mayo Clinic Group Return's spending goes to programs?
In calendar year 2024, Mayo Clinic Group Return reported that 85.1% of its $14.33 billion in expenses went to program services, 14.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Mayo Clinic Group Return pay its top executive?
The largest total compensation Mayo Clinic Group Return reported for one person in calendar year 2024 was $4,888,096, for the role of DIRECTOR/CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Mayo Clinic Group Return get its money?
Of $14.89 billion in revenue in calendar year 2024, 5.1% came from contributions and grants (including 1.0% from government grants) and 93.1% from program service revenue (Form 990, Part VIII).
Is Mayo Clinic Group Return a registered charity?
The IRS lists EIN 38-3952644 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202523189349303887 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423139349303067 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343149349303324 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213149349300946 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113169349309051 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043159349305019 · read the filing
All filings for EIN 38-3952644: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.