Icahn School of Medicine At Mount Sinai
89% goes to programs $2 to raise $100 Growing revenue
Icahn School of Medicine At Mount Sinai is a 501(c)(3) organization based in New York, New York, registered in 1964, with $4,488,369,634 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
1 Gustave L Levy Pl, New York, NY, 10029 EIN 13-6171197 Since 1964
Revenue (FY2024)
$4.5B
▲ 7.9% vs prior year
Education median: $200K
Expenses (FY2024)
$4.4B
Net assets
$1.5B
Employees
15,973
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Icahn School of Medicine At Mount Sinai: 89% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Icahn School of Medicine At Mount Sinai: 4 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Icahn School of Medicine At Mount Sinai: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Icahn School of Medicine At Mount Sinai: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The school commits to dramatically advancing the art and science of medical care through an atmosphere of intense collaborative learning, social concern, and scholarly inquiry.
What they do
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.
Contact & location
- Address
- 1 Gustave L Levy Pl, New York, NY, 10029
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.6B (FY2013) to $4.5B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.7BNet assets $1.5B
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3B
Total liabilities
$2.7B
Net assets
$1.5B
Salaries & benefits
$3.3B
74% of expenses
Board members
61
52 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,488,369,634▲7.9% | $4,436,550,676▲6.6% | $1,546,587,748▲26.0% | $4,256,017,382▲10.3% | 990 |
| 2023 | $4,161,269,921▲10.0% | $4,160,243,113▲10.2% | $1,227,061,062▼4.5% | $3,857,740,819▲4.4% | 990 |
| 2022 | $3,782,773,835▲2.4% | $3,775,828,672▲5.9% | $1,285,362,792▼31.9% | $3,696,062,801▼12.5% | 990 |
| 2021 | $3,694,495,688▲14.7% | $3,564,467,528▲11.5% | $1,887,236,343▲54.9% | $4,225,126,944▲27.9% | 990 |
| 2020 | $3,220,541,602▲0.9% | $3,195,561,379▲0.6% | $1,218,346,134▲7.6% | $3,304,113,036▲11.1% | 990 |
| 2019 | $3,190,991,246▲8.0% | $3,177,325,231▲9.1% | $1,131,947,422▲8.8% | $2,972,681,728▲21.2% | 990 |
| 2018 | $2,954,499,103▲4.2% | $2,913,470,239▲4.8% | $1,040,827,264▼3.6% | $2,453,629,607▼0.3% | 990 |
| 2017 | $2,835,095,729▲9.7% | $2,779,424,619▲6.5% | $1,079,957,915▲8.3% | $2,462,022,332▲4.4% | 990 |
| 2016 | $2,583,763,337▲23.4% | $2,609,225,762▲20.1% | $997,474,083▼1.1% | $2,359,128,480▲2.0% | 990 |
| 2015 | $2,094,255,559▲19.7% | $2,172,037,218▲22.7% | $1,008,937,774▼9.8% | $2,312,466,209▲0.2% | 990 |
| 2014 | $1,749,042,877▲6.1% | $1,770,047,298▲8.6% | $1,118,488,781▼0.5% | $2,308,487,928▲1.2% | 990 |
| 2013 | $1,648,011,058 | $1,629,474,427▲9.2% | $1,124,024,063▲8.6% | $2,280,446,792▲3.4% | 990 |
| 2012 | — | $1,491,892,572▲5.7% | $1,034,905,526▲12.8% | $2,206,505,880▲6.1% | 990 |
| 2011 | — | $1,411,658,867▲7.2% | $917,212,149▼1.6% | $2,079,179,877▲8.8% | 990 |
| 2010 | — | $1,316,752,219 | $931,830,595 | $1,910,982,925 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Hani Sbitany Md — $6,747,094 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hani Sbitany Md | Professor Surgery | 60 | $6,747,094 |
| Andrew Hecht Md | Professor Ortho Neuro Surg | 60 | $6,135,998 |
| Mark Sultan Md | Professor, Surgery | 60 | $6,112,341 |
| David Adams Md | Chairman Cardiovascular Surg | 59.5 | $5,995,071 |
| Jordan Jacobs Md | Assistant Professor, Surgery | 60 | $5,643,117 |
| Kenneth Davis Md | Trustee and Former Officer | 2 | $2,661,354 |
| Brendan G Carr Md | Chief Executive Officer (start 1/1/24) | 20.9 | $1,956,013 |
| Eric Lium | Evp, Ms Innovation Partners | 60 | $1,293,868 |
| Dennis Charney Md 1 | Dean | 20.5 | $926,961 |
| Margaret Pastuszko | System President & Chief Operating Officer | 19.4 | $823,055 |
| Kelly Cassano Do | Evp, Sys Ambulatory Operation | 34.2 | $746,233 |
| Daniel Katz Md | Trustee Exofficio | 43.5 | $732,762 |
| Matthew Rosamond | Svp, Chief Financial Officer | 60 | $728,308 |
| Stephen Harvey | Evp, System Cfo (end 12/31/24) | 18.7 | $708,754 |
| Jeremy Boal Md | Former Officer | 0 | $645,349 |
| Beth Essig Esq | Evp, General Counsel | 19.6 | $640,711 |
| Emma Palmer | Evp, Chief of Staff & External Affairs | 20.9 | $284,431 |
| Frank Cino | Svp, System Chief Risk Officer | 20.9 | $268,590 |
| Jeffrey Silberstein | Evp, System Cao | 19.8 | $261,734 |
| Vincent Tammaro | Evp, System Cfo (start 10/1/24) | 20.5 | $244,054 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $1.5B total
834 grants to Icahn School of Medicine At Mount Sinai totaling $1.5B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mount Sinai Hospital | Fund physician practice project | 2024 | $95,207,838 |
| Mount Sinai Hospital | Fund physician practice project | 2024 | $95,207,838 |
| Mount Sinai Hospital | Fund strategic project | 2024 | $38,919,000 |
| Mount Sinai Hospital | Fund strategic project | 2024 | $38,919,000 |
| St Lukes Roosevelt Hospital Center | Fund strategic projects | 2024 | $18,878,000 |
| Beth Israel Medical Center | Fund physician practice project | 2024 | $7,522,000 |
| American Cancer Society Inc | Support/research | 2024 | $6,670,500 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $2,391,481 |
| Breakthrough T1d | T1d research | 2024 | $1,868,623 |
| American Heart Association Inc | Research | 2024 | $1,724,184 |
| Alzheimers Disease and Related Disorders Association Inc | Program support | 2024 | $1,622,612 |
| New Venture Fund | Health | 2024 | $1,495,965 |
| Entertainment Industry Foundation | General program | 2024 | $1,337,500 |
| Entertainment Industry Foundation | General program | 2024 | $1,337,500 |
| The New York Eye and Ear Infirmary | Fund strategic projects | 2024 | $1,292,000 |
Grants made · $1.1M in FY2024
2 grants totaling $1.1M in FY2024. All grants made by Icahn School of Medicine At Mount Sinai →
| Recipient | Purpose | Amount |
|---|---|---|
| Mount Sinai Hospital | Funding equity loss | $559,300 |
| Mount Sinai Medical Center Inc | Funding equity loss | $559,300 |
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Frequently asked questions
- Is Icahn School of Medicine At Mount Sinai a legitimate nonprofit?
- Yes. Icahn School of Medicine At Mount Sinai is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-6171197, based in New York, New York. Donations are tax-deductible.
- What is Icahn School of Medicine At Mount Sinai's EIN?
- Icahn School of Medicine At Mount Sinai's Employer Identification Number (EIN) is 13-6171197.
- How much revenue does Icahn School of Medicine At Mount Sinai report?
- Icahn School of Medicine At Mount Sinai reported $4,488,369,634 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Icahn School of Medicine At Mount Sinai's spending goes to programs?
- Icahn School of Medicine At Mount Sinai spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Icahn School of Medicine At Mount Sinai have?
- CharityIndex grades Icahn School of Medicine At Mount Sinai A, based on program efficiency and fundraising cost.
- How much does Icahn School of Medicine At Mount Sinai's highest-paid employee make?
- The highest reported compensation on Icahn School of Medicine At Mount Sinai's latest Form 990 is $6,747,094, paid to Hani Sbitany Md (Professor Surgery).
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Data for Icahn School of Medicine At Mount Sinai (EIN 13-6171197) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.