The New York Academy of Medicine
The New York Academy of Medicine reported $10.6 million in revenue and $12.2 million in expenses for calendar year 2024. Of every $100 it spent, $70.04 went to program services, $20.99 to management and general costs and $8.97 to fundraising. Its largest source of revenue was contributions and grants: 38.3% of the total. The highest compensation it reported for one person was $722,196 (PRESIDENT). 21 people received more than $100,000 in reportable compensation. Revenue fell 10% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor 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 $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 70.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.27 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 38.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 20.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $722,196 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.92% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 21 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 61.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 21 of 22 | 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 expenseCenter for evaluation and applied research
Community partnerships and policy solutions
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 |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $700,386 | $0 | $21,810 | $722,196 |
| SVP FINANCE & ADMINISTRATION Officer, 40.00 hrs/week | $343,686 | $0 | $40,266 | $383,952 |
| DEVELOP. OFFICER THRU NOV 2024 Highest compensated employee, 40.00 hrs/week | $249,346 | $0 | $20,950 | $270,296 |
| DIRECTOR, FINANCE Key employee, 40.00 hrs/week | $197,027 | $0 | $46,475 | $243,502 |
| SVP RESEARCH Key employee, 40.00 hrs/week | $219,369 | $0 | $8,964 | $228,333 |
| DIRECTOR, LIBRARY Highest compensated employee, 40.00 hrs/week | $196,464 | $0 | $9,851 | $206,315 |
| DIRECTOR, HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $170,561 | $0 | $33,436 | $203,997 |
| DIRECTOR, COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $177,880 | $0 | $20,937 | $198,817 |
21 people received more than $100,000 in reportable compensation from The New York Academy of Medicine (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (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–1b22 · 21 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 2No
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 573
- Volunteers Part I, line 626
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| THE TURBO CHYLL COMPANY Hvac services | $610,740 |
| PACHYDERM CONSULTING Information technology | $212,065 |
| STERLING AFFAIR INC Catering | $164,279 |
| PPM RESTORATION Construction | $109,660 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to The New York Academy of Medicine totaling $426K 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 New York Academy of Medicine'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 New York Academy of Medicine, you can publish a response that is linked from this page.
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Of every $100 The New York Academy of Medicine spent in 2024, $70.04 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The New York Academy of Medicine's spending goes to programs?
In calendar year 2024, The New York Academy of Medicine reported that 70.0% of its $12.2 million in expenses went to program services, 21.0% to management and general and 9.0% to fundraising (Form 990, Part IX).
How much does The New York Academy of Medicine pay its top executive?
The largest total compensation The New York Academy of Medicine reported for one person in calendar year 2024 was $722,196, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The New York Academy of Medicine get its money?
Of $10.6 million in revenue in calendar year 2024, 38.3% came from contributions and grants (including 4.1% from government grants) and 20.7% from program service revenue (Form 990, Part VIII).
Is The New York Academy of Medicine a registered charity?
The IRS lists EIN 13-1656674 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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, object 202502869349302270 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202412899349301221 · read the filing
- 2022: Form 990 for calendar year 2022, object 202302849349301120 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243089349302319 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113029349300221 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013119349301501 · read the filing
All filings for EIN 13-1656674: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.