THE CLEVELAND CLINIC FOUNDATION
6801 BRECKSVILLE RD RK1-85, INDEPENDENCE, OH · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $9,680,031,802 | $9,434,081,551 | $8,783,896,513 |
| FY2023 | $8,958,297,084 | $8,518,490,199 | $8,317,652,692 |
| FY2022 | $7,583,607,049 | $7,671,629,275 | $8,136,924,016 |
| FY2021 | $8,056,049,799 | $6,852,996,449 | $8,522,766,410 |
| FY2020 | $7,032,042,495 | $6,338,900,378 | $7,081,421,925 |
| FY2019 | $6,830,413,008 | $6,232,896,760 | $6,274,142,999 |
| FY2018 | $6,254,104,726 | $5,883,535,837 | $5,429,801,453 |
| FY2017 | $5,973,236,617 | $5,582,278,577 | $5,402,146,197 |
| FY2016 | $5,631,825,986 | $5,428,057,557 | $4,697,021,878 |
| FY2014 | $5,090,394,271 | $4,697,479,724 | $4,077,516,873 |
| FY2013 | $5,126,858,838 | $4,587,233,670 | $3,672,980,277 |
| FY2012 | $4,675,234,031 | $4,395,971,617 | $2,724,556,697 |
| FY2011 | $4,064,504,631 | $3,953,641,244 | $2,363,680,979 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $459,249,151 | 5% |
| Program service revenue | $8,902,787,800 | 95% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $8,457,903,750 | 90% |
| Management & general | $949,647,938 | 10% |
| Fundraising | $26,529,863 | 0% |
What the numbers show
- Program service revenue made up 95% of total revenue in FY2024.
- Program services accounted for 90% of functional expenses, management & general 10%, and fundraising 0%.
- 90% of functional expenses went to program services in FY2024. That is higher than 63.4% of 183 Health Care organizations in OH.
- Net assets covered about 11.2 months of expenses at the end of the reporting year. That puts it in the 48th percentile among 694 Health Care organizations in OH.
- Total revenue was higher than 100% of 712 Health Care organizations in OH.
- Total revenue rose from $4,064,504,631 in FY2011 to $9,680,031,802 in FY2024, Revenue increased in 10 and decreased in 2 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 13 reported years (FY2022).
- Net assets grew from $2,363,680,979 to $8,783,896,513 between FY2011 and FY2024.
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
CARING FOR LIFE, RESEARCHING FOR HEALTH AND EDUCATING THOSE WHO SERVE.
IRS status
| Ruling year | 1928 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in OH) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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