Montefiore Medical Center
Montefiore Medical Center reported $5.91 billion in revenue and $5.62 billion in expenses for calendar year 2024. Of every $100 it spent, $89.67 went to program services, $10.18 to management and general costs and $0.15 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 93.5% of the total. The highest compensation it reported for one person was $16,690,037 (PRESIDENT & CEO). 8,586 people received more than $100,000 in reportable compensation. Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.62BFor 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 $5.91BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.2% | 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 | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.9% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 93.5% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $16,690,037 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.30% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 8,586 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -0.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 31 of 33 | 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 expensePatient care doing more - it's how we created our history of firsts. It's why we developed the world's first transvenous cardiac pacemaker and performed the world's first coronary bypass. Doing more put US at the forefront of treating cancer with highly targeted therapies. It made US one of only a few hospitals in the U.S. Performing surgeries on babies before they're born. It built one of the most active and successful transplant centers in the country. Doing more - it's how we are creating the future of healthcare. Established in 1884 as a hospital for patients with chronic illnesses…
Medical education & research medical education montefiore is the university hospital for albert einstein college of medicine, one of the nation's premier institutions for medical education, basic research and clinical investigations. This strong alignment enables montefiore to advance clinical and translational research results more rapidly to the bedside and to the medical community, and educate the next generation of physicians, healthcare leaders and investigators. In place are extensive training programs for medical students, residents and fellows. Through the second-largest medical…
Community services services to the community are an explicit and essential component of montefiore's mission and one of its most valued traditions. The Medical Center has a long history of reaching beyond the walls of its hospitals to identify and meet the needs of its community and has been a national leader in organizing and expanding community-based services. Montefiore's commitment to the community has required a multifaceted, continually evolving response, in which the unique capacities of the academic Medical Center are mobilized to improve the lives of the people and the communities…
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 & CEO Director/trustee, officer, 40.8 hrs/week | $0 | $16,639,270 | $50,767 | $16,690,037 |
| CHAIR-SURG/CARDIOTHORACIC SURG Highest compensated employee, 60.0 hrs/week | $4,944,262 | $0 | $50,793 | $4,995,055 |
| EXEC VP & CFO Officer, 36.8 hrs/week | $0 | $4,248,644 | $31,364 | $4,280,008 |
| SYSTEM SENIOR VP-OPERATIONS Key employee, 44.0 hrs/week | $0 | $3,093,931 | $24,250 | $3,118,181 |
| CHAIR-NEUROLOGICAL SURGERY Highest compensated employee, 60.0 hrs/week | $2,005,276 | $0 | $48,274 | $2,053,550 |
| ASST SEC.-SVP & GEN COUNSEL Officer, 35.7 hrs/week | $0 | $1,918,564 | $47,673 | $1,966,237 |
| DIR MIN INVASIVE ROBOTIC SURG Highest compensated employee, 60.0 hrs/week | $1,701,228 | $0 | $46,354 | $1,747,582 |
| VICE CHAIR-CARDIOTHORACIC SURG Highest compensated employee, 60.0 hrs/week | $1,707,530 | $0 | $20,284 | $1,727,814 |
8,586 people received more than $100,000 in reportable compensation from Montefiore Medical Center (Part VII, line 2).
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–1b33 · 31 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 15aNo
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 523,310
- Volunteers Part I, line 62,433
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| FASTAFF LLC Temporary nurses | $72,764,168 |
| ALTO NEW YORK CITY LLC Freelance support | $19,834,263 |
| QUEST DIAGNOSTICS INC Outside lab testing | $17,652,890 |
| CHROMISTA INC Freelance support | $17,332,165 |
| MCKINSEY AND COMPANY INC Consulting fees | $17,244,667 |
Individuals listed as contractors are left out. 475 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to Montefiore Medical Center totaling $2.6M 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 Montefiore Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montefiore Medical Center, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Montefiore Medical Center spent in 2024, $89.67 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Providence Health & Services - OregonRenton, WA · revenue $5.91B · programs 92.1% · 2024
- Allina Health SystemMinneapolis, MN · revenue $5.93B · programs 87.2% · 2024
- Cedars-Sinai Medical CenterLos Angeles, CA · revenue $5.87B · programs 87.6% · FY2025
- University Hospitals Health SystemShaker Heights, OH · revenue $5.95B · programs 94.1% · 2024
- Boston Medical Center Health PlanCharlestown, MA · revenue $5.81B · programs 99.7% · FY2025
Questions people ask
How much of Montefiore Medical Center's spending goes to programs?
In calendar year 2024, Montefiore Medical Center reported that 89.7% of its $5.62 billion in expenses went to program services, 10.2% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Montefiore Medical Center pay its top executive?
The largest total compensation Montefiore Medical Center reported for one person in calendar year 2024 was $16,690,037, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Montefiore Medical Center get its money?
Of $5.91 billion in revenue in calendar year 2024, 4.9% came from contributions and grants (including 4.0% from government grants) and 93.5% from program service revenue (Form 990, Part VIII).
Is Montefiore Medical Center a registered charity?
The IRS lists EIN 13-1740114 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, object 202503189349315680 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403199349314235 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343179349311564 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203149349306735 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123159349308962 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003169349303940 · read the filing
All filings for EIN 13-1740114: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.