FY2021 Osteopathic Medical College Revenues and Expenditures

For fiscal year (FY)2021 (July 1, 2020 – June 30, 2021), 41 private and 7 public colleges of osteopathic medicine (COMs) reported data for AACOM's 2022-23 Annual Osteopathic Medical School Questionnaire (Annual Survey).  Private COMs reported $202.47M in excess revenues, while public COMs reported $82.06M. Compared to FY2020, private COMs experienced a $115.44M (36.3%) decrease, and public COMs a $12.25M (13.0%) decrease.

The gap between private and public COMs decreased from $223.61M in FY2020 to $120.41M in FY2021. Among private COMs, 24 reported an increase since FY2020. Out of the 24 private COMs that reported an increase, 20 reported a higher surplus, 2 reported an increase but remain in the negative, and 2 previously in the negative reported a surplus for FY2021.  Eleven private COMs reported a decrease since FY2020.  Out of the 11 private COMs, 7 have maintained a surplus, 1 that reported a surplus for FY2020 is now in the negative, and 3 are going further into the negative for FY2021. One private COM has reported breaking even for four consecutive fiscal years (FY2017, FY2019, FY2020 and FY2021).

Compared to FY2020, 5 public COMs reported an increase while 2 reported a decrease.  Out of the 5 public COMs that reported an increase, 2 previously in the negative for FY2020 reported a surplus for FY2021.  Out of the 2 public COMs that reported a decrease, 1 that reported a surplus for FY2020 is now in the negative. 

Notes: 

COMs were administered an abbreviated version of AACOM's 2019-20 Annual Survey due to the COVID-19 pandemic and COM operations consequently affected.  COM deans voted on which sections to complete for the abbreviated version, which omitted sections that would have collected FY2018 revenues and expenditures data.  Therefore, FY2018 data are unavailable and FY2017 data have been used instead for this data analysis comparison.

 Figures may not sum due to rounding.