Memorial Sloan-Kettering Cancer Center
Memorial Sloan-Kettering Cancer Center reported $1.82 billion in revenue and $1.57 billion in expenses for calendar year 2024. Of every $100 it spent, $91.07 went to program services, $3.52 to management and general costs and $5.41 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 72.9% of the total. The highest compensation it reported for one person was $6,979,162 (Board member, President & CEO). 2,631 people received more than $100,000 in reportable compensation. Revenue rose 82% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.57BFor 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 $1.82B- Contributions & grants (non-government)$12.32 $229M
- Government grants$0.09 $1.7M
- Program service revenue$71.45 $1.33B
- Investment income$16.14 $300M
Other revenue was negative: −$38M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.37 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 12.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 72.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $6,979,162 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.45% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 2,631 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 38.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 28 of 30 | 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 expenseHighest 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 |
|---|---|---|---|---|
| Board member, President & CEO Director/trustee, officer, 50.0 hrs/week | $6,637,012 | $0 | $342,150 | $6,979,162 |
| EVP & CHIEF FINANCIAL OFFICER Officer, 50.0 hrs/week | $2,532,398 | $0 | $70,820 | $2,603,218 |
| SVP & CHIEF INVESTMENT OFFICER Officer, 50.0 hrs/week | $2,271,880 | $0 | $89,901 | $2,361,781 |
| SVP & CHIEF DEVELOPMENT OFFICER Officer, 50.0 hrs/week | $2,074,775 | $0 | $73,984 | $2,148,759 |
| EVP, MARKETING & COMMUNICATION OFFICER Officer, 50.0 hrs/week | $1,907,439 | $0 | $47,633 | $1,955,072 |
| EVP & GENERAL COUNSEL Officer, 50.0 hrs/week | $1,675,269 | $0 | $77,943 | $1,753,212 |
| SVP & CHIEF RISK OFFICER Director/trustee, officer, 50.0 hrs/week | $1,673,783 | $0 | $48,983 | $1,722,766 |
| FORMER CHIEF OPERATING OFFICER Former, 0.0 hrs/week | $1,668,982 | $0 | $28,055 | $1,697,037 |
2,631 people received more than $100,000 in reportable compensation from Memorial Sloan-Kettering Cancer Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $27M (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–1b30 · 28 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 11aNo
- 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 525,931
- Volunteers Part I, line 6394
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CANNON DESIGN ARCHITECTURE architecture | $30,649,667 |
| IMPACT ADVISORS LLC Financial consultants | $28,899,419 |
| JGN CONSTRUCTION CORP Construction | $25,163,789 |
| LEND LEASE US CONSTRUCTION Construction | $14,609,898 |
| EPIC SYSTEMS CORPORATION Software consultants | $14,281,411 |
Individuals listed as contractors are left out. 198 contractors were paid more than $100,000 in all.
Private foundation grants it received
402 private foundations reported grants to Memorial Sloan-Kettering Cancer Center totaling $52M 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 Memorial Sloan-Kettering Cancer 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 Memorial Sloan-Kettering Cancer Center, you can publish a response that is linked from this page.
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Of every $100 Memorial Sloan-Kettering Cancer Center spent in 2024, $91.07 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Children's Hospital Los AngelesLos Angeles, CA · revenue $1.82B · programs 81.7% · FY2025
- Bayada Home Health CAREPennsauken, NJ · revenue $1.83B · programs 88.9% · 2024
- Maimonides Medical CenterBrooklyn, NY · revenue $1.81B · programs 80.2% · 2024
- Chg FoundationChula Vista, CA · revenue $1.84B · programs 95.5% · 2024
- Portercare Adventist Health SystemGreenwood Village, CO · revenue $1.80B · programs 92.5% · 2024
Questions people ask
How much of Memorial Sloan-Kettering Cancer Center's spending goes to programs?
In calendar year 2024, Memorial Sloan-Kettering Cancer Center reported that 91.1% of its $1.57 billion in expenses went to program services, 3.5% to management and general and 5.4% to fundraising (Form 990, Part IX).
How much does Memorial Sloan-Kettering Cancer Center pay its top executive?
The largest total compensation Memorial Sloan-Kettering Cancer Center reported for one person in calendar year 2024 was $6,979,162, for the role of Board member, President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Memorial Sloan-Kettering Cancer Center get its money?
Of $1.82 billion in revenue in calendar year 2024, 12.7% came from contributions and grants (including 0.1% from government grants) and 72.9% from program service revenue (Form 990, Part VIII).
Is Memorial Sloan-Kettering Cancer Center a registered charity?
The IRS lists EIN 13-1924236 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 202533159349305998 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433199349316733 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349305773 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223159349302707 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123149349303807 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033179349304433 · read the filing
All filings for EIN 13-1924236: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.