Medical Center Company
2250 Circle Dr, Cleveland, OH · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $44,015,704 | $41,592,692 | $42,963,050 |
| FY2023 | $40,639,577 | $39,480,793 | $40,169,803 |
| FY2022 | $42,784,390 | $40,629,431 | $38,244,202 |
| FY2021 | $38,605,475 | $39,534,740 | $36,263,774 |
| FY2020 | $35,976,171 | $34,410,454 | $36,556,367 |
| FY2019 | $36,354,189 | $36,900,114 | $35,022,235 |
| FY2018 | $40,206,358 | $38,944,549 | $35,327,376 |
| FY2017 | $37,453,852 | $36,914,508 | $33,807,447 |
| FY2016 | $42,380,353 | $39,679,557 | $33,149,933 |
| FY2015 | $40,440,419 | $39,015,560 | $30,462,376 |
| FY2014 | $38,278,989 | $36,703,206 | $28,738,508 |
| FY2013 | $39,190,043 | $36,686,459 | $28,410,651 |
| FY2012 | $42,512,878 | $41,630,804 | $24,760,634 |
| FY2011 | $39,020,626 | $37,674,300 | $23,877,436 |
Form 990 filings
The returns filed by Medical Center Company (EIN 34-0714460), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $43,503,828 | 99% |
| Other revenue | $511,876 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $38,008,735 | 91% |
| Management & general | $3,583,957 | 9% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2024. That is higher than 68.1% of 185 Public & Societal Benefit organizations nationwide (too few in OH for a state comparison).
- Net assets covered about 12.4 months of expenses at the end of the reporting year. That puts it in the 49th percentile among 193 Public & Societal Benefit organizations in OH.
- Total revenue was the highest among 199 Public & Societal Benefit organizations in OH.
- Total revenue rose from $39,020,626 in FY2011 to $44,015,704 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2019, FY2021).
- Net assets grew from $23,877,436 to $42,963,050 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE MEDICAL CENTER COMPANY ("MCCO") IS A NOT-FOR-PROFIT DISTRICT ENERGY COMPANY THAT PROVIDES LOW COST UTILITIES TO MANY OF UNIVERSITY CIRCLE'S HEALTHCARE, EDUCATIONAL, CULTURAL AND RELIGIOUS INSTITUTIONS.
IRS status
| Ruling year | 1937 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | W120 — Public & Societal Benefit |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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