MEDICAL FACULTY ASSOCIATES INC

WASHINGTON, DC, 20037-3201 (202) 741-3351 Est. 2000 EIN 52-2220700

E300— Health Care Form 990 501(c)(3)

WWW.GWDOCS.COM

Mission

MEDICAL FACULTY ASSOCIATES HAS THREE MAIN MISSIONS; EDUCATION, TO TEACH THE MEDICAL STUDENTS AND TRAIN RESIDENTS OF THE GEORGE WASHINGTON UNIVERSITY; RESEARCH, TO CONDUCT MEDICAL RESEARCH ON BEHALF OF THE GEORGE WASHINGTON UNIVERSITY (GWU); AND FINALLY TO PROVIDE MEDICAL CARE TO THE RESIDENTS OF THE GREATER WASHINGTON DC METRO AREA.

Financials

Total Revenue

$380,795,193

Total Expenses

$461,798,922

Net Assets

$-236,731,626

2,116 employees 8 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

6.2 months deficit Deficit

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 1.6%

Expenses ↓ 1.1%

Revenue Sources

Contributions 3.3% Earned revenue 96.1% Investment 0.2%

Expense Breakdown

Program 89.9% Management 10.1%

Officers & Key Employees (28)

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Grants Received (25)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990 Jul 1, 2022 to Jun 30, 2023	$380,795,193 ↓	$461,798,922	$-236,731,626
2021 Form 990 Jul 1, 2021 to Jun 30, 2022	$386,951,054 ↓	$466,885,767	$-157,889,771
2020 Form 990 Jul 1, 2020 to Jun 30, 2021	$438,379,822 ↑	$487,651,289	$-98,835,529
2019 Form 990 Jul 1, 2019 to Jun 30, 2020	$427,789,125 ↓	$471,027,865	$-45,502,971
2018 Form 990 Jul 1, 2018 to Jun 30, 2019	$471,946,537 ↑	$468,397,952	$-4,928,523
2017 Form 990 Jul 1, 2017 to Jun 30, 2018	$450,366,351	$478,778,598	$-18,017,485