Mayo Clinic is a 501(c)(3) organization based in Rochester, Minnesota, registered in 2014, with $1,082,111,859 in FY2013 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
Revenue (FY2013)
$1.1B
Health median: $840K
Expenses (FY2013)
$959.3M
Net assets
$750.1M
Employees
5,775
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mayo Clinic: 86% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mayo Clinic: 9 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mayo Clinic: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mayo Clinic: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Operation of a hospital and clinics
Research (schedule o)research: mca's basic and clinical research activities are concentrated in the areas of cancer, metabolism, neurosciences, cardiovascular diseases and gi disorders/transplantation at its facilities located in scottsdale and phoenix, arizona. the samuel c. johnson research building is a 75,000 square-foot facility on the scottsdale campus that provides space for scientific investigators, support staff, pre-doctoral and post-doctoral fellows and visiting scientists. the second floor of the johnson research building is leased to the asu biomedical informatics department to further enhance the research collaborations between asu and mayo clinic. the mayo clinic collaborative research building, also on the scottsdale campus, is a 100,000 square foot biomedical research facility that houses a translational genomics institute (tgen) initiative called the center for drug development (td2), mayo clinic cancer researchers, as well as the mayo-asu center for metabolic and vascular biology collaborative research program. ongoing clinical research trials at mca offer patients access to new investigational treatments before they become fda-approved and commercially available. in 2013, mca spent $50m on biomedical research of which $25m was derived from approximately 500 external grants and contracts from the federal government, charitable foundations and industry sponsors. mca currently supports 260 fte's in research including 23 full-time career scientist and clinician investigators. those same scientists host approximately 120 research fellows, associates, trainees, collaborators, and visiting scientists. almost 800 scientific papers were published by mca staff in 2013.mayo clinic in arizona has several research and clinical collaborations and clinical outreach partnerships with mountain park health system, maricopa integrated health system and the phoenix indian medical center. these collaborations are mainly related to cancer, neurosciences, transplantation medicine and cardiology.
Education (schedule o) education: educating health care professionals has been a core mission of mayo clinic since the earliest days of the 20th century, when physicians from throughout the world traveled to rochester, minnesota to train with the mayo brothers.mayo clinic in arizona opened in 1987 as a premiere academic medical center in the southwestern united states, where medical research and education are fully integrated with delivering the highest-quality patient care. in arizona, mayo clinic offers physician residency programs and fellowships in many medical and surgical specialties. the mayo clinic school of graduate medical education in arizona has 42 training programs. of these, ten are residencies and 32 are sub-specialty based fellowship training. to complement exceptional didactic curriculum, mca offers hands-on training through simulation education in four environments educating over 6,300 learners: 1-multidisciplinary simulation center located on the 6th floor of the hospital;2-ayarza laparoscopic laboratory located on the 3rd floor of the multispecialty building;3-center for procedural innovation located on the concourse level of the mayo collaborative building; and 4-nursing skills laboratory located in the support building behind the hospital. mca is committed to educating the next generation of physicians. each year, more than 250 residents, fellows and medical student clerks complete educational assignments in arizona.in addition, mca offers robust educational training programs for allied health students through the school of health sciences, graduate students preparing for careers as biomedical scientists through mayo graduate school, and life long learners through courses provided by the mayo school of continuous professional development. mayo and arizona state university have also collaborated to create a joint degree nursing program, which increases enrollment capacity for nursing students statewide. students rece
Financial snapshot
Operating margin
11.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$285.7M
Net assets
$750.1M
Salaries & benefits
$550.0M
57% of expenses
Board members
13
0 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2013 | $1,082,111,859 | $959,292,730▲1.2% | $750,127,033▲22.0% | $1,035,808,417▲19.0% | 990 |
| 2012 | — | $948,185,802▲9.3% | $614,811,694▲15.4% | $870,541,855▼1.4% | 990 |
| 2011 | — | $867,156,380▲4.2% | $532,702,920▲15.2% | $882,667,223▲9.2% | 990 |
| 2010 | — | $831,869,467 | $462,502,959 | $808,462,182 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Zimmerman Md Richard S — $854,149 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Zimmerman Md Richard S | Director | 40 | $854,149 |
| Lyons Md Mark K | Physician | 40 | $827,978 |
| Decker Md Wyatt W | Chair/ceo/director | 40 | $824,732 |
| Birch Md Barry D | Physician | 40 | $782,986 |
| Lanza Md Louis A | Physician | 40 | $762,731 |
| Patel Md Naresh P | Physician | 40 | $756,025 |
| De Valeria Md Patrick A | Physician | 40 | $725,644 |
| Pajaro Md Octavio E | Physician | 40 | $685,309 |
| Johnson Md C Daniel | Physician | 40 | $681,638 |
| Eversman Md William G | Physician | 40 | $664,188 |
| Beauchamp Md Christopher P | Former Key Employee | 40 | $636,929 |
| Hattrup Md Steven J | Physician | 40 | $627,390 |
| Stone Md William M | Vice Chair/director | 40 | $627,007 |
| Smith Md Anthony A | Former Key Employee | 40 | $623,696 |
| Fowl Md Richard J | Physician | 40 | $565,253 |
| Swanson Md Scott K | Physician | 40 | $561,162 |
| Money Md Samuel R | Physician | 40 | $559,810 |
| Andrews Md Paul E | Director | 40 | $559,297 |
| Schild Md Steven E | Physician | 40 | $555,465 |
| Magtibay Md Paul M | Physician | 40 | $550,187 |
157 grants to Mayo Clinic totaling $1.2B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic | Support charitable programs | 2024 | $97,499,392 |
| Impactassets Inc | General support | 2024 | $500,000 |
| American Heart Association Inc | Research | 2024 | $152,836 |
| Arizona Community Foundation | This award is designated support for the orthopedic department at the arizona location | 2024 | $127,400 |
| Amyotrophic Lateral Sclerosis Assn | Trial capacity program | 2024 | $50,000 |
| American Gift Fund | Operations | 2024 | $40,000 |
| Arkansas Community Foundation Inc | For research, education, and patient care | 2024 | $25,000 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $15,000 |
| Santa Barbara Foundation | Behavioral health & health care | 2024 | $10,000 |
| Mayo Clinic | Support charitable programs | 2023 | $113,448,437 |
| Donor Advised Charitable Giving | Health | 2023 | $930,088 |
| George Washington University | Subaward | 2023 | $522,228 |
| Impactassets Inc | General support | 2023 | $500,000 |
| American Heart Association Inc | Research | 2023 | $493,309 |
| Amyotrophic Lateral Sclerosis Assn | Seed grants program; trial capacity program; quality of care program | 2023 | $400,000 |
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Data for Mayo Clinic (EIN 86-0800150) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.