The Mount Sinai Hospital
The Mount Sinai Hospital reported $4.65 billion in revenue and $4.54 billion in expenses for calendar year 2024. Of every $100 it spent, $90.57 went to program services, $9.37 to management and general costs and $0.06 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.8% of the total. The highest compensation it reported for one person was $7,503,060 (Trustee and Former Officer). 7,161 people received more than $100,000 in reportable compensation. Revenue rose 49% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $4.54BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $4.65BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.4% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 2.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.3% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $7,503,060 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.17% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 7,161 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 30 of 31 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe Mount Sinai Hospital provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operation and stability of the Mount Sinai Hospital, it is recognized that not all individuals possess the ability to purchase essential medical services and healthcare education. As a matter of policy, the hospital provides significant amounts of partially or totally uncompensated patient care. For accounting purposes, such uncompensated care is treated either as charity care or bad debt…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Trustee and Former Officer Director/trustee, 2.0 hrs/week | $2,825,745 | $4,579,246 | $98,069 | $7,503,060 |
| PROFESSOR, CARDIOLOGY Highest compensated employee, 31.9 hrs/week | $1,139,259 | $4,768,427 | $43,309 | $5,950,995 |
| CHIEF EXECUTIVE OFFICER (START 1/1/24) Officer, 22.1 hrs/week | $2,076,835 | $3,365,606 | $47,473 | $5,489,914 |
| PRESIDENT, ACADEMIC AFFAIRS Officer, 21.8 hrs/week | $984,219 | $1,594,972 | $57,057 | $2,636,248 |
| System President & Chief Operating Officer Officer, 20.6 hrs/week | $873,895 | $1,416,186 | $72,844 | $2,362,925 |
| SR VP SYS CHIEF INVESTMENT OFF Highest compensated employee, 31.4 hrs/week | $1,176,145 | $1,072,268 | $70,633 | $2,319,046 |
| PRESIDENT AND SYSTEM CHIEF CLINICAL OFFICER Officer, 58.0 hrs/week | $2,154,844 | $0 | $65,965 | $2,220,809 |
| EVP, SYSTEM CFO (END 12/31/24) Officer, 19.8 hrs/week | $752,534 | $1,219,514 | $85,092 | $2,057,140 |
7,161 people received more than $100,000 in reportable compensation from The Mount Sinai Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $10M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b31 · 30 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 519,716
- Volunteers Part I, line 61,182
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| LABORATORY CORPORATION Lab services | $41,450,015 |
| CROTHALL HEALTHCARE INC Management | $36,291,035 |
| ACCENTURE INTERNATIONAL LTD Consulting | $30,819,936 |
| RIGHTSOURCING INC Personnel | $30,776,514 |
| SHIELDS HEALTH SOLUTIONS Billing | $25,961,245 |
Individuals listed as contractors are left out. 161 contractors were paid more than $100,000 in all.
Private foundation grants it received
65 private foundations reported grants to The Mount Sinai Hospital totaling $7.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Mount Sinai Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Mount Sinai Hospital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Mount Sinai Hospital spent in 2024, $90.57 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Long Island Jewish Medical CenterWestbury, NY · revenue $4.62B · programs 87.0% · 2024
- MaineHealthPortland, ME · revenue $4.71B · programs 84.6% · FY2025
- UMASS Memorial Health CARE Inc. & AffiliatesWorcester, MA · revenue $4.57B · programs 88.9% · FY2025
- Baptist Healthcare SystemLouisville, KY · revenue $4.71B · programs 90.0% · FY2025
- Kaiser Foundation Health Plan of ColoradoOakland, CA · revenue $4.48B · programs 93.7% · 2024
Questions people ask
How much of The Mount Sinai Hospital's spending goes to programs?
In calendar year 2024, The Mount Sinai Hospital reported that 90.6% of its $4.54 billion in expenses went to program services, 9.4% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does The Mount Sinai Hospital pay its top executive?
The largest total compensation The Mount Sinai Hospital reported for one person in calendar year 2024 was $7,503,060, for the role of Trustee and Former Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Mount Sinai Hospital get its money?
Of $4.65 billion in revenue in calendar year 2024, 2.7% came from contributions and grants (including 2.3% from government grants) and 81.8% from program service revenue (Form 990, Part VIII).
Is The Mount Sinai Hospital a registered charity?
The IRS lists EIN 13-1624096 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024 (amended), object 202600859349301025 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403189349301575 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333139349305728 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203119349303700 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123189349300062 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003189349307030 · read the filing
All filings for EIN 13-1624096: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.