Yosemite National Park functions as a federally managed entity under the National Park Service (NPS), and while it generates significant revenue, it does not "make a profit" in the corporate sense. In 2026, Yosemite collects millions of dollars annually through entrance fees, camping permits, and "concessioner" fees paid by private companies (like Aramark) that manage the park's hotels, restaurants, and tours. Under the Federal Lands Recreation Enhancement Act, Yosemite is allowed to keep approximately 80% of the fees it collects on-site to fund internal projects, such as trail repairs, habitat restoration, and visitor center upgrades, while the remaining 20% is distributed to smaller parks within the NPS system that do not collect fees. However, the total cost of maintaining the park's aging infrastructure, managing massive crowds, and employing hundreds of rangers and staff far exceeds the revenue generated at the gate. As a result, Yosemite relies heavily on federal tax appropriations to cover its annual operating budget. So, while it is a major economic engine for the surrounding California counties, the park itself operates as a public service funded by a combination of visitor contributions and government support.