Maimonides Medical Center-
80% goes to programs $2 to raise $100 Growing revenue
Maimonides Medical Center- is a 501(c)(3) organization based in Brooklyn, New York, registered in 1949, with $1,807,630,671 in FY2024 revenue. CharityIndex grades it B+, and it directs about 80% of spending to programs.
4802 10th Ave, Brooklyn, NY, 11219 EIN 11-1635081 Since 1949
Revenue (FY2024)
$1.8B
▲ 11.3% vs prior year
Health median: $840K
Expenses (FY2024)
$1.9B
Net assets
$238.7M
Employees
8,119
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating80% 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 Maimonides Medical Center-: 80% to programs · $2 to raise $100 earns a B+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -3% 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 Maimonides Medical Center-: 2 mo reserves · -3% margin earns a B 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 Maimonides Medical Center-: 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 Maimonides Medical Center-: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Emergency services. this is further described in schedule o.
Maternity services. this is further described in schedule o.
Contact & location
- Address
- 4802 10th Ave, Brooklyn, NY, 11219
- City
- Brooklyn
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.1B (FY2013) to $1.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.7BNet assets $238.7M
Operating margin
-2.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$1.7B
Net assets
$238.7M
Salaries & benefits
$1.2B
62% of expenses
Board members
25
23 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,807,630,671▲11.3% | $1,855,401,740▲11.9% | $238,680,588▼18.4% | $1,951,547,415▲12.1% | 990 |
| 2023 | $1,624,220,953▲11.9% | $1,657,430,423▲9.3% | $292,398,693▼3.9% | $1,741,180,827▲1.9% | 990 |
| 2022 | $1,451,215,166▲9.3% | $1,516,482,116▲1.6% | $304,412,666▼24.9% | $1,708,014,796▲1.4% | 990 |
| 2021 | $1,327,224,906▼5.3% | $1,493,123,688▲8.8% | $405,369,675▼19.3% | $1,684,839,092▼7.1% | 990 |
| 2020 | $1,401,547,417▲7.4% | $1,371,863,990▲5.7% | $502,559,142▲9.4% | $1,813,379,005▲14.4% | 990 |
| 2019 | $1,304,878,930▼0.7% | $1,297,342,078▲7.3% | $459,553,048▲9.6% | $1,584,622,513▲11.8% | 990 |
| 2018 | $1,314,727,016▲9.6% | $1,208,562,436▲0.9% | $419,279,726▲28.4% | $1,417,811,063▲7.5% | 990 |
| 2017 | $1,199,679,728▲5.2% | $1,198,362,758▲6.2% | $326,475,716▲10.7% | $1,318,886,908▲15.2% | 990 |
| 2016 | $1,140,689,133▲4.9% | $1,127,907,381▲4.3% | $294,819,426▲12.6% | $1,144,770,486▲5.3% | 990 |
| 2015 | $1,087,391,138▲3.3% | $1,081,099,809▲0.3% | $261,857,291▲1.7% | $1,087,587,230▲3.4% | 990 |
| 2014 | $1,052,386,733▼0.9% | $1,078,393,096▲4.1% | $257,533,773▲5.6% | $1,051,688,734▲1.6% | 990 |
| 2013 | $1,062,410,206 | $1,035,832,707▲2.6% | $243,772,800▲26.0% | $1,034,850,447▲2.6% | 990 |
| 2012 | — | $1,010,015,577▲0.3% | $193,515,630▲8.6% | $1,008,285,010▲3.9% | 990 |
| 2011 | — | $1,006,984,280▲4.3% | $178,222,022▼3.6% | $970,174,815▲27.8% | 990 |
| 2010 | — | $965,779,640 | $184,966,784 | $759,347,718 | 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: Jacob Shani Md — $3,498,724 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jacob Shani Md | Chair, Cardiology | 40 | $3,498,724 |
| Patrick Borgen Md | Chair, Department of Surgery | 40 | $1,992,061 |
| Amit Schwartz Md | Director, Neurosurgery | 40 | $1,908,023 |
| Robert Frankel Md | Dir, Interventional Cardiology | 40 | $1,879,116 |
| Joshua Kerstein Md | Assoc Dir, Clinical Cardiology | 40 | $1,860,102 |
| Kenneth Gibbs | President & Ceo | 40 | $1,757,557 |
| John Marshall Md | Evp, Medical Affairs | 40 | $1,423,434 |
| Judy Bachman | Evp & Coo | 40 | $1,350,002 |
| Robert Palermo | Evp/cfo & Assistant Treasurer | 40 | $1,215,860 |
| Laurie Weinstein | Evp,chief Legal Offic,asst Sec | 40 | $1,088,707 |
| David Cohen Md | Evp,pop Health& Academ Affairs | 40 | $939,922 |
| Robert Press | Former Evp, Medical Affairs | 0 | $512,375 |
| Monica Ghitan Md | Med Staff President Thru 6/24 | 40 | $355,037 |
| Juan Kupferman Md | Med Staff President As of 7/24 | 40 | $351,893 |
| Michael Antoniades | Former Evp & Coo | 0 | $180,000 |
| Aaron Twerski | Trustee | 0.5 | — |
| Alex Rovt Phd | Trustee & Vice Chair Thru 6/24 | 0.5 | — |
| Amy Sandgrund-fisher | Trustee As of 12/24 | 0.5 | — |
| Azzam Obeid | Trustee | 0.5 | — |
| Chaim Fischer | Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Anesthesiology Assoc of Boro Park L | Medical Services | $27,827,631 |
| Barr Barr Inc | Construction Srvcs | $19,921,999 |
| Loyal Source Government Services Ll | Staffing Services | $8,379,730 |
| Allscripts Healthcare LLC | It Services | $7,550,646 |
| Oxford Global Resources LLC | Staffing Services | $6,444,399 |
Grants received · $7.4M total
66 grants to Maimonides Medical Center- totaling $7.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Robin Hood Foundation | Poverty relief | 2024 | $600,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $50,000 |
| Good360 | To assist those in need | 2024 | $17,378 |
| National Philanthropic Tr | Health | 2023 | $256,000 |
| United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc | Caring | 2023 | $200,000 |
| Research Foundation of the City University of New York | Research | 2023 | $149,265 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $94,006 |
| Public Health Institute | Research | 2023 | $9,200 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $278,835 |
| United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc | Caring | 2022 | $200,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $25,000 |
| Public Health Institute | Research | 2022 | $23,083 |
| The Ojc Fund | General support | 2022 | $10,000 |
| American Cancer Society Inc | Patient support | 2022 | $10,000 |
| National Philanthropic Tr | Health | 2022 | $10,000 |
Grants made · $155K in FY2024
13 grants totaling $155K in FY2024. All grants made by Maimonides Medical Center- →
| Recipient | Purpose | Amount |
|---|---|---|
| Nia Community Services Network Inc | General support | $20,000 |
| Bay Ridge Center Inc | General support | $20,000 |
| Pakistani American Merchants Association Inc | General support | $15,000 |
| Beit Elmaqdis Islamic Center | General support | $14,800 |
| United Hospital Fund of New York | General support | $12,500 |
| Caipa Foundation Inc | General support | $12,120 |
| Arthur Ashe Institute For Urban Health Inc | General support | $12,000 |
| Heart Share Human Services of New York | General support | $10,000 |
| Guardians of the Sick Inc | General support | $10,000 |
| New York United Jewish Association Inc | General support | $7,500 |
| Bangladeshi American Friendship Society of New York | General support | $7,500 |
| 1199 Seiu Employer Child Care Corporation | General support | $7,100 |
| Gilbert Rivera Charitable Foundation | General support | $6,000 |
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Frequently asked questions
- Is Maimonides Medical Center- a legitimate nonprofit?
- Yes. Maimonides Medical Center- is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-1635081, based in Brooklyn, New York. Donations are tax-deductible.
- What is Maimonides Medical Center-'s EIN?
- Maimonides Medical Center-'s Employer Identification Number (EIN) is 11-1635081.
- How much revenue does Maimonides Medical Center- report?
- Maimonides Medical Center- reported $1,807,630,671 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Maimonides Medical Center-'s spending goes to programs?
- Maimonides Medical Center- spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Maimonides Medical Center- have?
- CharityIndex grades Maimonides Medical Center- B+, based on program efficiency and fundraising cost.
- How much does Maimonides Medical Center-'s highest-paid employee make?
- The highest reported compensation on Maimonides Medical Center-'s latest Form 990 is $3,498,724, paid to Jacob Shani Md (Chair, Cardiology).
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Data for Maimonides Medical Center- (EIN 11-1635081) 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.