The Medical College of Wisconsin
The Medical College of Wisconsin reported $1.76 billion in revenue and $1.68 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.99 went to program services, $7.53 to management and general costs and $0.48 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 79.6% of the total. Government grants made up 10.1%. The highest compensation it reported for one person was $2,581,006 (ASST PROF-NEUROSURGERY). 2,993 people received more than $100,000 in reportable compensation. Revenue rose 37% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $1.68BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $1.76BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.9% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 79.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $2,581,006 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.15% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 2,993 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 28 | 100.0% |
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
FY2025 · Form 990, Part III · the three largest programs by expenseNo description in Part III; see the filing.
No description in Part III; see the filing.
No description in Part III; see the filing.
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| ASST PROF-NEUROSURGERY Highest compensated employee, 40.0 hrs/week | $2,518,112 | $0 | $62,894 | $2,581,006 |
| CHIEF, PROF-PED CARDIAC SURG Highest compensated employee, 1.0 hrs/week | $1,951,025 | $0 | $64,441 | $2,015,466 |
| TRUSTEE/PRESIDENT AND CEO Director/trustee, officer, 40.0 hrs/week | $1,637,184 | $0 | $310,119 | $1,947,303 |
| ASST PROF-NEUROSURGERY Highest compensated employee, 40.0 hrs/week | $1,872,699 | $0 | $68,180 | $1,940,879 |
| PHYSICIAN-HEMATOLOGY/ONCOLOGY Highest compensated employee, 40.0 hrs/week | $1,808,484 | $0 | $68,163 | $1,876,647 |
| SEE SCHEDULE O FOR TITLE Director/trustee, officer, 39.5 hrs/week | $1,583,187 | $0 | $193,612 | $1,776,799 |
| CHIEF, PROF-TRANSPLANT SURGERY Highest compensated employee, 40.0 hrs/week | $1,523,101 | $0 | $64,441 | $1,587,542 |
| TRUSTEE Director/trustee, 40.0 hrs/week | $1,190,917 | $0 | $61,180 | $1,252,097 |
2,993 people received more than $100,000 in reportable compensation from The Medical College of Wisconsin (Part VII, line 2). Compensation of current officers, directors and key employees totaled $19M (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
FY2025 · 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–1b28 · 24 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 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 58,196
- Volunteers Part I, line 626
Private foundation grants it received
58 private foundations reported grants to The Medical College of Wisconsin totaling $17M 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 Medical College of Wisconsin'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 Medical College of Wisconsin, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Medical College of Wisconsin spent in FY2025, $91.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Case Western Reserve UniversityCleveland, OH · revenue $1.74B · programs 89.1% · FY2025
- Temple University - of the Commonwealth System of Higher EducationPhiladelphia, PA · revenue $1.79B · programs 88.4% · FY2025
- Wake Forest University Health SciencesWinstonsalem, NC · revenue $1.71B · programs 95.4% · 2024
- Trustees of Boston CollegeChestnut Hill, MA · revenue $1.84B · programs 86.1% · FY2025
- University of DelawareNewark, DE · revenue $1.69B · programs 89.2% · FY2025
Questions people ask
How much of The Medical College of Wisconsin's spending goes to programs?
In the fiscal year ending June 30, 2025, The Medical College of Wisconsin reported that 92.0% of its $1.68 billion in expenses went to program services, 7.5% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does The Medical College of Wisconsin pay its top executive?
The largest total compensation The Medical College of Wisconsin reported for one person in the fiscal year ending June 30, 2025 was $2,581,006, for the role of ASST PROF-NEUROSURGERY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Medical College of Wisconsin get its money?
Of $1.76 billion in revenue in the fiscal year ending June 30, 2025, 12.9% came from contributions and grants (including 10.1% from government grants) and 79.6% from program service revenue (Form 990, Part VIII).
Is The Medical College of Wisconsin a registered charity?
The IRS lists EIN 39-0806261 as a 501(c)(3) organization (school), 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611359349309206 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349307846 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349308155 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349312515 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349305098 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349302351 · read the filing
All filings for EIN 39-0806261: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.