Memorial Sloan-kettering Cancer Center
91% goes to programs $37 to raise $100 Strong reserves Growing revenue
Memorial Sloan-kettering Cancer Center is a 501(c)(3) organization based in New York, New York, registered in 1962, with $1,819,162,205 in FY2024 revenue. CharityIndex grades it B, and it directs about 91% of spending to programs.
633 Third Ave Finance 4th Flr, New York, NY, 10017 EIN 13-1924236 Since 1962
Revenue (FY2024)
$1.8B
▲ 8.9% vs prior year
Health median: $840K
Expenses (FY2024)
$1.6B
Net assets
$5.1B
Employees
25,931
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →CProgram efficiency40% of the rating91% to programs · $37 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 Memorial Sloan-kettering Cancer Center: 91% to programs · $37 to raise $100 earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating39 mo reserves · +14% 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 Memorial Sloan-kettering Cancer Center: 39 mo reserves · +14% 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 Memorial Sloan-kettering Cancer 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 Memorial Sloan-kettering Cancer Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Leadership in the prevention, treatment, and cure of cancer through excellence, vision, and cost effectiveness in patient care, outreach programs, research, and education.
What they do
Mskcc pays fees to cornell medical center and other medical institutions for staff to further their scientific education. in addition, the center hosts a number of symposiums, some of which are open to the public.
Contact & location
- Address
- 633 Third Ave Finance 4th Flr, New York, NY, 10017
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $582.7M (FY2013) to $1.8B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.1BNet assets $5.1B
Operating margin
13.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.2B
Total liabilities
$4.1B
Net assets
$5.1B
Salaries & benefits
$858.3M
55% of expenses
Board members
30
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,819,162,205▲8.9% | $1,565,781,773▲3.9% | $5,052,391,000▲14.4% | $9,181,602,000▲7.5% | 990 |
| 2023 | $1,670,357,000▼9.5% | $1,507,732,713▲2.0% | $4,415,111,000▲25.8% | $8,540,897,000▲7.7% | 990 |
| 2022 | $1,846,045,000▲19.0% | $1,477,862,000▲17.6% | $3,510,532,000▼15.8% | $7,930,219,000▼2.4% | 990 |
| 2021 | $1,551,421,000▲39.5% | $1,256,980,650▲11.1% | $4,168,812,000▲32.2% | $8,128,780,000▲19.6% | 990 |
| 2020 | $1,112,023,774▲11.3% | $1,131,479,774▲14.0% | $3,153,873,000▲46.1% | $6,797,163,000▲18.8% | 990 |
| 2019 | $999,167,000▼6.4% | $992,584,000▲15.6% | $2,159,289,000▲4.0% | $5,721,273,000▲9.1% | 990 |
| 2018 | $1,067,745,000▲29.6% | $858,573,000▲7.7% | $2,077,159,000▲2.4% | $5,241,684,000▼5.9% | 990 |
| 2017 | $823,717,421▲30.6% | $797,451,915▲12.6% | $2,027,750,000▼1.3% | $5,568,914,000▲4.1% | 990 |
| 2016 | $630,916,966▼19.8% | $708,026,857▲1.2% | $2,055,038,000▼2.2% | $5,347,686,000▲1.8% | 990 |
| 2015 | $786,702,714▲14.4% | $699,868,450▲10.8% | $2,100,429,000▼2.9% | $5,250,565,000▲9.1% | 990 |
| 2014 | $687,663,239▲18.0% | $631,580,639▲8.6% | $2,162,331,000▼5.9% | $4,812,205,000▲0.6% | 990 |
| 2013 | $582,665,814 | $581,682,872▲2.5% | $2,298,733,000▲8.8% | $4,785,029,000▲1.8% | 990 |
| 2012 | — | $567,368,022▲3.6% | $2,112,397,000▲7.6% | $4,702,406,000▲21.8% | 990 |
| 2011 | — | $547,401,584▲11.9% | $1,963,153,000▼7.1% | $3,860,453,000▲2.3% | 990 |
| 2010 | — | $489,251,000 | $2,112,859,000 | $3,773,654,000 | 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: Selwyn Vickers Md — $6,637,012 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Selwyn Vickers Md | Board Member, President & Ceo | 50 | $6,637,012 |
| Michael Harrington | Evp & Chief Financial Officer | 50 | $2,532,398 |
| Jason Klein | Svp & Chief Investment Officer | 50 | $2,271,880 |
| Kenneth Manotti | Svp & Chief Development Officer | 50 | $2,074,775 |
| Erin Mcdonough | Evp, Marketing & Communication Officer | 50 | $1,907,439 |
| Jorge Lopez Esq | Evp & General Counsel | 50 | $1,675,269 |
| Debra Berns | Svp & Chief Risk Officer | 50 | $1,673,783 |
| Kathryn Martin | Former Chief Operating Officer | 0 | $1,668,982 |
| Remy Evard | Evp, Chief Digital Officer | 50 | $1,613,641 |
| Gregory Raskin | Vp Technology Development | 50 | $1,375,819 |
| Peter Steinherz Md | Attending | 0 | $1,184,798 |
| Lakisha Mack | Evp, Chief Administrative Officer | 50 | $1,179,509 |
| Tomya Watt | Former Evp, Interim Chief Human Resources Officer | 50 | $1,155,056 |
| Anaeze Offodile Md | Evp, Chief Strategy Officer | 50 | $1,112,462 |
| Larry Norton Md | Svp-office of Hospital President | 50 | $1,068,089 |
| Eilene De Albuquerque | Director Investments | 50 | $1,002,972 |
| Charles Rudin | Director Cancer Center | 0 | $999,430 |
| Craig Thompson Md | Former President & Ceo | 50 | $937,871 |
| Mark Svenningson | Former Vp, Finance | 0 | $800,000 |
| Fredrick Groves | Former Evp Hospital Administration | 0 | $682,010 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $624.8M total
804 grants to Memorial Sloan-kettering Cancer Center totaling $624.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Commonwealth Foundation For Cancer Research Foundation | Support progress in drug discovery and developmental research against cancer | 2024 | $8,000,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $6,369,768 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $5,883,250 |
| Blood Cancer United Inc | Research grant | 2024 | $2,513,800 |
| American Online Giving Foundation Inc | General support | 2024 | $2,154,785 |
| The V Foundation | Cancer research | 2024 | $2,000,000 |
| The Mark Foundation For Cancer Research Us Ltd | Research | 2024 | $1,568,007 |
| Rockefeller Philanthropy Advisors Inc | Health care | 2024 | $1,012,500 |
| The New York Community Trust | For research. | 2024 | $1,000,000 |
| University of Miami | Research | 2024 | $732,846 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $532,800 |
| Entertainment Industry Foundation | General program | 2024 | $508,740 |
| Entertainment Industry Foundation | General program | 2024 | $508,740 |
| Silicon Valley Community Foundation | Health | 2024 | $436,000 |
| American Lung Association | Research | 2024 | $400,000 |
Grants made · $1.0M in FY2018
1 grant totaling $1.0M in FY2018. All grants made by Memorial Sloan-kettering Cancer Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Ralph Lauren Ctr For Cancer & Prevention | Support operations | $1,000,000 |
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Frequently asked questions
- Is Memorial Sloan-kettering Cancer Center a legitimate nonprofit?
- Yes. Memorial Sloan-kettering Cancer Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1924236, based in New York, New York. Donations are tax-deductible.
- What is Memorial Sloan-kettering Cancer Center's EIN?
- Memorial Sloan-kettering Cancer Center's Employer Identification Number (EIN) is 13-1924236.
- How much revenue does Memorial Sloan-kettering Cancer Center report?
- Memorial Sloan-kettering Cancer Center reported $1,819,162,205 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Memorial Sloan-kettering Cancer Center's spending goes to programs?
- Memorial Sloan-kettering Cancer Center spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Sloan-kettering Cancer Center have?
- CharityIndex grades Memorial Sloan-kettering Cancer Center B, based on program efficiency and fundraising cost.
- How much does Memorial Sloan-kettering Cancer Center's highest-paid employee make?
- The highest reported compensation on Memorial Sloan-kettering Cancer Center's latest Form 990 is $6,637,012, paid to Selwyn Vickers Md (Board Member, President & Ceo).
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Data for Memorial Sloan-kettering Cancer Center (EIN 13-1924236) 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.