Baylor College of Medicine
Baylor College of Medicine reported $2.98 billion in revenue and $2.98 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.92 went to program services, $7.48 to management and general costs and $0.60 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 67.9% of the total. Government grants made up 19.9%. The highest compensation it reported for one person was $4,716,352 (PRESIDENT/CEO, EXECUTIVE DEAN). 4,627 people received more than $100,000 in reportable compensation. Revenue rose 47% 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 $2.98BFor 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 $2.98BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 28.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 19.9% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 67.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $4,716,352 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.16% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 4,627 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 41 of 42 | 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 expenseService - bcm affirms our covenant to serve the community. Foremost is our commitment to patients, both in our clinical practice and with affiliated hospitals. We strive to improve public health in all our endeavors and serve the community in all aspects of this process. Bcm students and residents spend much of their education and training in the college's seven primary care affiliated teaching hospitals where baylor faculty also provides patient care
Research - bcm researchers and physicians are studying a variety of medical topics, including cancer cell function, fertility, child nutrition, influenza, heart and neurological disorders, and other basic and clinical research. Program service activity research expenditures reported here in part iii are funded by research revenue which excludes $594 million of government grant revenue presented separately from program service revenue in part viii
Instruction - bcm values academic pursuits and we commit our efforts to the scholarly pursuit of knowledge for our trainees, our patients, and our community. As a medical school, bcm's primary goal is to educate medical school students and train medical school graduates. Bcm also places emphasis on the education of medical research and allied health personnel
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 |
|---|---|---|---|---|
| PRESIDENT/CEO, EXECUTIVE DEAN Officer, 50.0 hrs/week | $4,028,822 | $0 | $687,530 | $4,716,352 |
| ASSISTANT PROF Highest compensated employee, 50.0 hrs/week | $2,077,204 | $0 | $45,579 | $2,122,783 |
| PROF/CONGENITAL HEART SURGERY Highest compensated employee, 50.0 hrs/week | $2,061,564 | $0 | $46,898 | $2,108,462 |
| Professor and Chief Highest compensated employee, 50.0 hrs/week | $1,903,391 | $0 | $46,298 | $1,949,689 |
| PROF/CHIEF, ABDOMINAL TRANS. Highest compensated employee, 50.0 hrs/week | $1,866,127 | $0 | $46,298 | $1,912,425 |
| PROF/CHIEF CARDIOTHORACIC SURGERY Highest compensated employee, 50.0 hrs/week | $1,820,809 | $0 | $46,298 | $1,867,107 |
| SVP & DEAN OF CLINICAL AFFAIRS Officer, 50.0 hrs/week | $1,214,511 | $0 | $271,731 | $1,486,242 |
| CHAIR - DEPT OF PEDIATRICS Key employee, 50.0 hrs/week | $1,379,652 | $0 | $47,498 | $1,427,150 |
4,627 people received more than $100,000 in reportable compensation from Baylor College of Medicine (Part VII, line 2). Compensation of current officers, directors and key employees totaled $16M (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–1b42 · 41 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 515,631
- Volunteers Part I, line 6553
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LINBECK GROUP LLC Construction | $67,566,393 |
| CALIBER HEALTHCARE SOLUTIONS LLC Hospitalist Physician Staffing | $16,955,533 |
| LAZ KARP ASSOCIATES LLC Parking | $7,260,862 |
| BCP TMC JV I LP Rent | $3,836,267 |
| NORTON ROSE FULBRIGHT US LLP Legal Services | $3,246,673 |
Individuals listed as contractors are left out. 79 contractors were paid more than $100,000 in all.
Private foundation grants it received
91 private foundations reported grants to Baylor College of Medicine totaling $69M 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 Baylor College of Medicine's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Baylor College of Medicine, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Baylor College of Medicine spent in FY2025, $91.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Vanderbilt UniversityNashville, TN · revenue $2.82B · programs 78.9% · FY2025
- Northeastern UniversityBoston, MA · revenue $3.16B · programs 90.8% · FY2025
- The University of British ColumbiaCanada, · revenue $2.80B · programs 92.7% · FY2025
- Gothic CorporationDurham, NC · revenue $3.18B · programs 100.0% · FY2025
- Carnegie Mellon UniversityPittsburgh, PA · revenue $2.50B · programs 88.7% · FY2025
Questions people ask
How much of Baylor College of Medicine's spending goes to programs?
In the fiscal year ending June 30, 2025, Baylor College of Medicine reported that 91.9% of its $2.98 billion in expenses went to program services, 7.5% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does Baylor College of Medicine pay its top executive?
The largest total compensation Baylor College of Medicine reported for one person in the fiscal year ending June 30, 2025 was $4,716,352, for the role of PRESIDENT/CEO, EXECUTIVE DEAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Baylor College of Medicine get its money?
Of $2.98 billion in revenue in the fiscal year ending June 30, 2025, 28.1% came from contributions and grants (including 19.9% from government grants) and 67.9% from program service revenue (Form 990, Part VIII).
Is Baylor College of Medicine a registered charity?
The IRS lists EIN 74-1613878 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 202621319349301417 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541339349305639 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421349349308542 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349308855 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349313793 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349305047 · read the filing
All filings for EIN 74-1613878: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.