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2001-2002 Financial Tables on U.S. Medical Schools

Financial Tables Archive

The following tables and graphs summarize data from the LCME Part IA Annual Financial Questionnaire administered by the Division of Medical School Services and Studies (DMSSS) at AAMC. The latest data are for fiscal year 2002 on all accredited U.S. medical schools. Questions about the data or requests for additional comparative data for medical schools should be directed to Jay Youngclaus, Manager, Medical School Research Services, jy@aamc.org, (202) 828-0252.

Highlights of Medical School Financing in 2002

Total revenues supporting the 125 accredited allopathic medical schools amounted to $52.7 billion in 2002. This reflects an increase of 8.3% from fiscal year 2001.*
Between FY2001 and FY2002, double-digit growth occurred in the following sources: federal grants and contracts (15.7%), and endowment and gifts (10.3%).
Public medical schools reported median total revenues in support of medical school programs of $295.5 million; private schools, $424.2 million.*
Medical schools reported that about one third (37.4%) of the total funds that support their programs, $19.7 billion, are expenditures by medical school affiliates.
Total faculty practice plan revenues amounted to $19 billion, accounting for about one-third (36%) of the total revenues supporting medical school activities.
Private schools reported median faculty practice plan revenues of $144.6 million, much higher than the $94.6 million for public schools.
The combined revenues from practice plans ($19 billion) and hospital support ($6.6 billion) amounted to almost half (48.5%) of the total revenues supporting medical school programs. This percentage is slightly higher than the prior year (47.7%).
Endowment income increased 13.9% between FY 2001 and FY 2002. This compares with a 10.2% increase between FY2000 and FY2001.
Public schools' tuition and fee revenues increased 11.5% between FY 2001 and FY 2002. This compares with a 5% increase for the preceding period. Private schools' tuition and fee revenues increased 3.5% between FY 2001-02 and FY 2000-01.

Summary Tables

I. Revenue of U.S. Medical Schools by Sources, Fiscal Year 2001-2002

Table 1: Revenues Supporting Programs and Activities at All U.S. Medical Schools, 2001-2002 Fiscal Year (PDF, 1 page - 63 KB)
Table 2: Revenues Supporting Programs and Activities at All U.S. Public and Private Schools, 2001-2002 Fiscal Year (PDF, 1 page - 65 KB)
Table 2a: Recorded Revenues Supporting Programs and Activities at All U.S. Public and Private Schools, 2001-2002 Fiscal Year (PDF, 1 page - 74 KB)

II. Growth of U.S. Medical Schools Revenue between Fiscal Year 2001 and 2002

Table 3: Percent Change of Revenues from FY01 to FY02 — All Schools (PDF, 1 page - 88 KB)
Table 4: Percent Change of Revenues from FY01 to FY02 — Public Schools (PDF, 1 page - 88 KB)
Table 5: Percent Change of Revenues from FY01 to FY02 — Private Schools (PDF, 1 page - 89 KB)

III. Revenue of U.S. Medical Schools by Sources, Fiscal Years 1999-2000, 2000-2001, 2001-2002

Table 6: Revenues Supporting Programs and Activities FY00-FY02 — All Schools (PDF, 1 page - 86 KB)
Table 7: Revenues Supporting Programs and Activities FY00-FY02 — Public Schools (PDF, 1 page - 86 KB)
Table 8: Revenues Supporting Programs and Activities FY00-FY02 — Private Schools (PDF, 1 page - 86 KB)

Graphs

I. U.S. Medical School Revenue, 2002

Figure 1: Medical School Revenue, 2002, All Schools (PDF, 1 page - 78 KB)
Figure 1a: Medical School Revenue — Recorded, 2002, All Schools (PDF, 1 page - 78 KB)
Figure 2: Medical School Revenue, 2002, Public Schools (PDF, 1 page - 78 KB)
Figure 2a: Medical School Revenue — Recorded, 2002, Public Schools (PDF, 1 page - 78 KB)
Figure 3: Medical School Revenue, 2002, Private Schools (PDF, 1 page - 78 KB)
Figure 3a: Medical School Revenue, 2002 — Recorded, Private Schools (PDF, 1 page - 78 KB)

II. Percent Change in Revenue from FY00 to FY01

Figure 4: Percent Changes in Revenue by Source from FY00 to FY01 — All Schools (PDF, 1 page - 98 KB)
Figure 5: Percent Schools Reporting Negative Change in Revenue (Constant $) from FY01 to FY02 (PDF, 1 page - 91 KB)

III. 10-Year Trends of Total Revenue

Figure 6: 10-Year Trends of Average Total Revenue — Public Schools (PDF, 1 page - 78 KB)
Figure 7: 10-Year Trends of Average Total Revenue — Private Schools (PDF, 1 page - 93 KB)

IV. 10-Year Trends of Practice Plan Revenue

Figure 8: 10-Year Trends of Average Practice Plan Revenue — Public Schools (PDF, 1 page - 77 KB)
Figure 9: 10-Year Trends of Average Practice Plan Revenue — Private Schools (PD, 1 page - 94 KB)

V. 10-Year Trends of Federal Grants and Contracts (Direct)

Figure 10: 10-Year Trends of Average Federal Grants and Contracts (Direct) — Public Schools (PDF, 1 page - 78 KB)
Figure 11: 10-Year Trends of Average Federal Grants and Contracts (Direct) — Private Schools (PDF, 1 page - 77 KB)

* Data for one private school are excluded due to changes in financial reporting practices in FY2002 relative to FY2001.

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