3 ms·
show me a single accounting statement with a non-profit listing their 'profits'
by whimsicalism 3y ago
show me a single accounting statement with a non-profit listing their 'profits'
- s1artibartfast 3y agoTake one of the largest teaching hospitals in the world, Cleveland clinic is a non-profit. The Cleavland clinic 2022 annual revenue was >15 Billion and expenses were ~12 billion [0]. They have amassed an endowment fund assets such as stock, which is currently >15 Billion and growing[1]. The exact assets are confidential, but this is a snapshot from 2017, when there it was closer to 10 billion under management [2] https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/2022-form-990-group.pdf?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi... https://my.clevelandclinic.org/-/scassets/files/org/about/financial-statements/3q-2023-interim-unaudited-fs-mda.pdf?la=en https://my.clevelandclinic.org/-/scassets/files/org/about/fi... https://my.clevelandclinic.org/-/scassets/files/org/giving/annual-reports/2018-investment-report-cleveland-clinic.pdf https://my.clevelandclinic.org/-/scassets/files/org/giving/a...