FY2022 Osteopathic Medical College Revenues and Expenditures

For fiscal year (FY)2022, 46 private colleges of osteopathic medicine (COMs) and 11 public COMs reported data, including one new private COM as an additional location.  FY2022 data stems from AACOM's 2023-24 Annual Osteopathic Medical School Questionnaire (Annual Survey).  The timeframe for FY2022 is July 1, 2021 - June 30, 2022. 

Private COMs reported an excess of $244.29Mil and public COMs reported an excess of $55.37Mil in revenues over expenditures and transfers for FY2022.  Compared to FY2021, there is a difference of $41.82Mil or a 20.7 percent increase for private COMs and a difference of $26.69Mil or a 32.5 percent decrease for public COMs.

For FY2022, there is a difference of $188.92Mil between private and public COMs in excess revenues over expenditures and transfers.  Compared to FY2021, this is an increase in the gap between private and public COMs, which was a difference of $120.41Mil in excess revenues over expenditures and transfers.

Sixteen private COMs reported an increase since FY2021.  Out of the 16 private COMs that reported an increase, 11 private COMs reported a higher gain or surplus, three private COMs reported an increase but are still in the red or negative, and two private COMs previously in the red or negative for FY2021 reported a significant gain or surplus for FY2022. Twenty-three private COMs reported a decrease in excess revenues over expenditures and transfers since FY2021.  Out of the 23 private COMs that reported a decrease, 17 private COMs still have a surplus or are in the green, four private COMs that reported a surplus or were in the green for FY2021 are now in the red or negative, and two private COMs have gone further into the red or negative since FY2021.  Two private COMs reported the same status as FY2021, including one private COM that broke even or is in the black and another COM that is still in the red or negative with no fluctuation.

Compared to FY2021, five public COMs reported an increase while two public COMs reported a decrease.  Out of the five public COMs that reported an increase, four public COMs reported a higher gain or surplus, while one COM reported an increase but is still in the red or negative.  Both COMs that reported a decrease previously had a surplus or were in the green for FY2021 but are now in the red or negative.

Note: Figures may not sum due to rounding.