Cleveland Clinic Releases Latest Community Benefit and Economic Impact Reports

Community benefit, which Cleveland Clinic reports annually to the IRS, is one measure of the health system’s impact on the community. Today it announced that in 2023, it contributed $1.46 billion in community benefit for its operations in Ohio, Florida and Nevada. 

Cleveland Clinic has also released today its most recent Economic and Fiscal Impact report that measures its impact on the economy. 

In 2023, the total value of Cleveland Clinic’s economic activity was $37.6 billion. Its operations and construction activity in Ohio, Florida and Nevada supported 122,643 households, and $6.5 billion in local, state and federal tax revenue.  

Silverlode Consulting completed the economic and fiscal impact study using employment, payroll, construction spending and other operational data provided by Cleveland Clinic.

Cleveland Clinic has experts available to discuss these newly released reports and the health system’s impact.