2023 Financials

The financial goals for 2023 were broad in scope, covering growth through membership, Annual Meeting attendance and sponsorship, new educational offerings, and more. The largest contributors to revenue and expenses for CHEST are directly tied to its educational initiatives, including live and simulation learning. CHEST was able to deliver enhanced learning experiences in a prime location for CHEST 2023 in Honolulu, contributing to higher-than-average costs. However, the largest number of trainees and the second largest attendance overall was achieved in 2023.

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Revenue Sources

Spending

Revenue sources

CHEST focuses on innovation in education to bolster its revenue. Through the Annual Meeting, new simulation courses, and partnerships with key industry partners, the work that supports the organization also serves to improve patient care. CHEST also relies on the annual dues of its 22,000+ global members.

$36,714,000
TOTAL SOURCE OF FUNDS

Spending

CHEST is judicious about where funds are allocated, ensuring that revenue contributes to its overall mission of championing the prevention, diagnosis, and treatment of chest diseases. Similar to past years, in 2023, the earned funds primarily went toward educational programming, facilitating communication, and funding community and research grants.

$37,623,000
TOTAL SPENDING