FY2021 Osteopathic Medical College Revenues and Expenditures

For fiscal year (FY)2021, 41 private colleges of osteopathic medicine (COMs) and 7 public COMs reported data, including one new private COM since FY2020.  FY2021 data stems from AACOM's 2022-23 Annual Osteopathic Medical School Questionnaire (Annual Survey).  The timeframe for FY2021 is July 1, 2020 - June 30, 2021. 

Private COMs reported an excess of $202.47Mil and public COMs reported an excess of $82.06Mil in revenues over expenditures and transfers for FY2021.  Compared to FY2020, there is a difference of $115.44Mil or a 36.3 percent decrease for private COMs and a difference of $12.25Mil or a 13.0 percent decrease for public COMs. 

For FY2021, there is a difference of $120.41Mil between private and public COMs in excess revenues over expenditures and transfers.  Compared to FY2020, this is a decrease in the gap between private and public COMs, which was a difference of $223.61Mil in excess revenues over expenditures and transfers. 

Twenty-four private COMs reported an increase since FY2020.  Out of the 24 private COMs that reported an increase, 20 private COMs reported a higher gain or surplus, two private COMs reported an increase but are still in the red or negative, and two private COMs previously in the red or negative reported a surplus or are in the green for FY2021.  Eleven private COMs reported a decrease in revenues over expenditures and transfers since FY2020.  Out of the 11 private COMs, 7 private COMs still have a surplus or are in the green, one private COM that reported a surplus or was in the green for FY2020 is now in the red or negative, and three private COMs are going further into the red or negative for FY2021. One private COM has reported breaking even for four consecutive fiscal years (FY2017, FY2019, FY2020 and FY2021).

Compared to FY2020, five public COMs reported an increase in revenues over expenditures and transfers while two public COMs reported a decrease in revenues over expenditures and transfers.  Out of the five public COMs that reported an increase, two public COMs previously in the red or negative for FY2020 reported a surplus or are now in the green for FY2021.  Out of the two public COMs that reported a decrease, one public COM that reported a surplus or was in the green for FY2020 is now in the red or 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.