Icahn School of Medicine at Mount Sinai
Icahn School of Medicine at Mount Sinai reported $4.49 billion in revenue and $4.44 billion in expenses for calendar year 2024. Of every $100 it spent, $88.53 went to program services, $11.04 to management and general costs and $0.43 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 70.4% of the total. The highest compensation it reported for one person was $7,503,060 (Trustee and Former Officer). 6,298 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 $4.44BFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 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 $4.49BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 23.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 70.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $7,503,060 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.17% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 6,298 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 52 of 61 | 100.0% |
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 expenseIcahn School of Medicine at Mount Sinai provides basic & tertiary physicians services and laboratory testing services to patients on an ongoing basis
Icahn School of Medicine at Mount Sinai conducts research in the areas of biological, social and physical sciences. Fundamental and applied research is primarily entered in geographic proximity to clinical facilities
Icahn School of Medicine at Mount Sinai passionately advances education and is responsible for the certification of physicians at the undergraduate, graduate and post-graduate levels as well as the certification of biomedical scientists at the graduate level
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 | $2,661,354 | $4,743,637 | $98,069 | $7,503,060 |
| PROFESSOR SURGERY Highest compensated employee, 60.0 hrs/week | $6,747,094 | $0 | $43,243 | $6,790,337 |
| PROFESSOR ORTHO NEURO SURG Highest compensated employee, 60.0 hrs/week | $6,135,998 | $0 | $48,909 | $6,184,907 |
| PROFESSOR, SURGERY Highest compensated employee, 60.0 hrs/week | $6,112,341 | $0 | $35,278 | $6,147,619 |
| CHAIRMAN CARDIOVASCULAR SURG Highest compensated employee, 59.5 hrs/week | $5,995,071 | $0 | $54,985 | $6,050,056 |
| ASSISTANT PROFESSOR, SURGERY Highest compensated employee, 60.0 hrs/week | $5,643,117 | $0 | $44,920 | $5,688,037 |
| CHIEF EXECUTIVE OFFICER (START 1/1/24) Officer, 20.9 hrs/week | $1,956,013 | $3,486,428 | $47,473 | $5,489,914 |
| DEAN Officer, 20.5 hrs/week | $926,961 | $1,652,230 | $57,057 | $2,636,248 |
6,298 people received more than $100,000 in reportable compensation from Icahn School of Medicine at Mount Sinai (Part VII, line 2). Compensation of current officers, directors and key employees totaled $13M (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–1b61 · 52 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 26Yes
- 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 14bYes
- Employees Part I, line 515,973
- Volunteers Part I, line 61,173
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| OULA HEALTH INC Physician services | $8,821,519 |
| LABORATORY CORPORATION Lab testing | $7,216,133 |
| CHANGE HEALTHCARE LLC Billing services | $3,588,754 |
| VRP OF NY PA Physician services | $3,315,434 |
| AZENTA US INC Storage | $3,257,301 |
Individuals listed as contractors are left out. 152 contractors were paid more than $100,000 in all.
Private foundation grants it received
164 private foundations reported grants to Icahn School of Medicine at Mount Sinai totaling $78M 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 Icahn School of Medicine at Mount Sinai's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Icahn School of Medicine at Mount Sinai, you can publish a response that is linked from this page.
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Of every $100 Icahn School of Medicine at Mount Sinai spent in 2024, $88.53 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Chancellor Masters & Scholars of the University of OxfordNew York, NY · revenue $3.76B · programs 97.1% · FY2025
- Duke UniversityDurham, NC · revenue $4.75B · programs 89.7% · FY2025
- University of PittsburghPittsburgh, PA · revenue $3.57B · programs 90.4% · FY2025
- Emory Group ReturnAtlanta, GA · revenue $4.83B · programs 97.9% · FY2025
- California Institute of TechnologyPasadena, CA · revenue $3.53B · programs 95.5% · FY2025
Questions people ask
How much of Icahn School of Medicine at Mount Sinai's spending goes to programs?
In calendar year 2024, Icahn School of Medicine at Mount Sinai reported that 88.5% of its $4.44 billion in expenses went to program services, 11.0% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Icahn School of Medicine at Mount Sinai pay its top executive?
The largest total compensation Icahn School of Medicine at Mount Sinai 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 Icahn School of Medicine at Mount Sinai get its money?
Of $4.49 billion in revenue in calendar year 2024, 23.5% came from contributions and grants (including 0.0% from government grants) and 70.4% from program service revenue (Form 990, Part VIII).
Is Icahn School of Medicine at Mount Sinai a registered charity?
The IRS lists EIN 13-6171197 as a 501(c)(3) organization (school), 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 202513199349302216 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423169349306452 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333139349305518 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243149349308004 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133189349300403 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349306366 · read the filing
All filings for EIN 13-6171197: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.