Albert Einstein College of Medicine
Albert Einstein College of Medicine reported $1.48 billion in revenue and $583.1 million in expenses for calendar year 2024. Of every $100 it spent, $92.97 went to program services, $5.85 to management and general costs and $1.18 to fundraising. Its largest source of revenue was contributions and grants: 87.6% of the total. Government grants made up 16.5%. The highest compensation it reported for one person was $16,660,997 (PRESIDENT & CEO). 556 people received more than $100,000 in reportable compensation. Revenue rose 305% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $583MFor 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 $1.48BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 87.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 16.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 7.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $16,660,997 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.86% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 556 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 31.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 30 of 32 | 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 expenseResearch: while education is at the heart of einstein's mission, it is biomedical research that drives the College of Medicine's growth. Over the past 60 years, einstein has become a premier biomedical research institution in this region of new york city, with its scientific enterprise ranked consistently in the top 25 percent of medical schools receiving nih funding in the last decade. Einstein is home to many nih-funded research multidisciplinary research centers - in diabetes, intellectual and developmental disorders, aging, liver diseases, health disparities, HIV/AIDS, cardiovascular…
Medical education: Albert Einstein College of Medicine is the university hospital for montefiore health serving the 3.1 million people living in the new york city region and the hudson valley. The college is a premier,research-intensive medical school dedicated to leading biomedical investigation and the development of ethical and compassionate physicians and scientists. In 1955, einstein was founded as the only medical institution upon which Albert Einstein bestowed the honor of his name. Our name sake, Albert Einstein, desired that a medical school bearing his name "welcome students of all…
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, 1.0 hrs/week | $0 | $16,639,270 | $21,727 | $16,660,997 |
| ASSISTANT SECRETARY Director/trustee, officer, 1.0 hrs/week | $0 | $1,918,564 | $18,633 | $1,937,197 |
| MARILYN & STANLEY M. KATZ DEAN Officer, 49.0 hrs/week | $1,128,349 | $0 | $224,230 | $1,352,579 |
| DIRECTOR, CANCER CENTER Highest compensated employee, 50.0 hrs/week | $913,198 | $0 | $53,332 | $966,530 |
| ASSOC. DEAN, STRATEGIC PARTNERSHIPS AND EXTERNAL AFFAIRS Highest compensated employee, 50.0 hrs/week | $724,124 | $0 | $56,696 | $780,820 |
| EXECUTIVE DEAN (RESIGNED 6/30/2024) Key employee, 50.0 hrs/week | $717,408 | $0 | $52,088 | $769,496 |
| EXECUTIVE DEAN (EFFECTIVE 7/1/2024) Key employee, 50.0 hrs/week | $655,257 | $0 | $51,832 | $707,089 |
| PROFESSOR Highest compensated employee, 50.0 hrs/week | $644,410 | $0 | $52,003 | $696,413 |
556 people received more than $100,000 in reportable compensation from Albert Einstein College of Medicine (Part VII, line 2). Compensation of current officers, directors and key employees totaled $7.6M (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–1b32 · 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 15aNo
- 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 52,906
- Volunteers Part I, line 6283
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Network Building Technologies Consulting Services | $3,161,406 |
| Securitas Security Services USA Inc Security Services | $2,975,670 |
| Ellucian Company LP Consulting Services | $2,866,100 |
| STIGroup Ltd Consulting Services | $2,843,230 |
| JRM Construction Management LLC Alterations and Construction Services | $2,219,413 |
Individuals listed as contractors are left out. 105 contractors were paid more than $100,000 in all.
Private foundation grants it received
83 private foundations reported grants to Albert Einstein College of Medicine totaling $38M 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 Albert Einstein College 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 Albert Einstein College of Medicine, you can publish a response that is linked from this page.
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Of every $100 Albert Einstein College of Medicine spent in 2024, $92.97 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Drexel UniversityPhiladelphia, PA · revenue $1.47B · programs 86.5% · FY2025
- Universite de MontrealCanada, · revenue $1.51B · programs 84.6% · FY2025
- The Howard UniversityWashington, DC · revenue $1.43B · programs 67.8% · FY2025
- City University Construction FundNew York, NY · revenue $1.52B · programs 100.0% · FY2025
- The Governors of the University of CalgaryCanada, · revenue $1.36B · programs 94.5% · FY2026
Questions people ask
How much of Albert Einstein College of Medicine's spending goes to programs?
In calendar year 2024, Albert Einstein College of Medicine reported that 93.0% of its $583.1 million in expenses went to program services, 5.8% to management and general and 1.2% to fundraising (Form 990, Part IX).
How much does Albert Einstein College of Medicine pay its top executive?
The largest total compensation Albert Einstein College of Medicine reported for one person in calendar year 2024 was $16,660,997, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Albert Einstein College of Medicine get its money?
Of $1.48 billion in revenue in calendar year 2024, 87.6% came from contributions and grants (including 16.5% from government grants) and 7.7% from program service revenue (Form 990, Part VIII).
Is Albert Einstein College of Medicine a registered charity?
The IRS lists EIN 83-0621846 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 202533189349307348 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403189349302870 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323139349304462 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233149349305978 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143159349308444 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033119349301788 · read the filing
All filings for EIN 83-0621846: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.