MAYO CLINIC

ROCHESTER, MN, 55903-4007 (507) 538-1297 Est. 1919 EIN 41-6011702
E21— Health Care Form 990 501(c)(3)
WWW.MAYOCLINIC.ORG

Mission

TO INSPIRE HOPE AND CONTRIBUTE TO HEALTH AND WELL-BEING BY PROVIDING THE BEST CARE TO EVERY PATIENT THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION AND RESEARCH.

Giving Portfolio

Total Grants
1,565
Total Giving
$2.9B
Recipients
1,565
Years Active
2018 - 2024
Avg grant: $1,825,293 Median: $59,588

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
2024256$572.1M $2.2M28228
2023276$903.2M $3.3M57219
2022245$292.5M $1.2M60185
2020268$493.9M $1.8M53215
2019273$448.5M $1.6M64209
2018247$188.9M $765K2470

Sectors Funded

Health Care
427
Education
237
Medical Research
89
Arts, Culture & Humanities
47
Human Services
46
Youth Development
44
Mental Health & Crisis Intervention
33
Diseases & Disorders
26
and 16 more sectors

Top States

Minnesota
514
California
103
New York
82
Massachusetts
74
Texas
57
North Carolina
52
Illinois
51
Wisconsin
51
and 39 more states

Grantee Size Profile

Over $50M
513
$1M - $5M
114
$10M - $50M
93
$100K - $500K
70
$500K - $1M
52
$5M - $10M
48
Under $100K
26

Top Grantees

FL - 6 grants
$908.9M
AZ - 6 grants
$765.0M
MN - 6 grants
$335.0M
MN - 5 grants
$244.8M
MN - 5 grants
$126.4M
FL - 6 grants
$48.9M
$36.3M
MN - 5 grants
$14.8M
and 15 more grantees

Grants Awarded · 1198 grants

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Financials

Total Revenue
$7,929,118,794
Total Expenses
$6,313,480,074
Net Assets
$16,509,435,952
30,970 employees 848 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
2.6 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 6.8%
Expenses ↑ 2.2%
Revenue Sources
Contributions 36.1% Earned revenue 47.7% Investment 14.7% Other 2.0%
Expense Breakdown
Program 93.6% Management 5.5% Fundraising 0.9%

Officers & Trustees (80)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990$7,929,118,794 $6,313,480,074$16,509,435,952
2023 Form 990$7,424,970,925 $6,179,398,335$13,384,226,634
2022 Form 990$7,075,354,210 $5,677,955,626$12,529,468,678
2020 Form 990$6,700,100,651 $5,537,812,686$5,536,537,598
2019 Form 990$6,819,422,921 $5,684,760,529$3,768,205,733
2018 Form 990$6,423,359,494 $5,627,787,651$3,031,469,406

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EIN: 41-6011702 · Source: IRS Form 990 e-file data