Mount Sinai Hospital
91% goes to programs $2 to raise $100 Strong reserves Growing revenue
Mount Sinai Hospital is a 501(c)(3) organization based in New York, New York, registered in 1938, with $4,653,204,635 in FY2024 revenue. CharityIndex grades it A+, and it directs about 91% of spending to programs.
1 Gustave L Levy Pl, New York, NY, 10029 EIN 13-1624096 Since 1938
Revenue (FY2024)
$4.7B
▲ 17.9% vs prior year
Health median: $840K
Expenses (FY2024)
$4.5B
Net assets
$2.3B
Employees
19,716
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating91% 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 Mount Sinai Hospital: 91% to programs · $2 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +2% 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 Mount Sinai Hospital: 6 mo reserves · +2% 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 Mount Sinai Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Mount Sinai Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Mount sinai provides compassionate patient care and advanced medicine through education, research and outreach in the many diverse communities it serves.
Contact & location
- Address
- 1 Gustave L Levy Pl, New York, NY, 10029
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.9B (FY2013) to $4.7B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.6BNet assets $2.3B
Operating margin
2.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.9B
Total liabilities
$3.6B
Net assets
$2.3B
Salaries & benefits
$2.0B
45% of expenses
Board members
31
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,653,204,635▲17.9% | $4,538,893,967▲15.2% | $2,295,160,000▼0.9% | $5,887,180,821▲1.8% | 990 |
| 2023 | $3,946,842,937▲6.4% | $3,940,977,020▲9.3% | $2,315,245,000▼15.2% | $5,783,477,818▼3.8% | 990 |
| 2022 | $3,709,594,465▲4.1% | $3,605,031,101▲8.1% | $2,730,721,000▼6.4% | $6,009,433,106▼7.0% | 990 |
| 2021 | $3,561,873,266▲8.2% | $3,335,744,023▲3.9% | $2,916,904,048▲11.2% | $6,458,426,058▲4.5% | 990 |
| 2020 | $3,291,872,800▲5.3% | $3,211,655,439▲8.3% | $2,622,450,690▲5.1% | $6,179,730,566▲19.2% | 990 |
| 2019 | $3,126,855,623▲6.2% | $2,965,578,197▲6.9% | $2,495,179,796▲14.3% | $5,184,954,527▲23.6% | 990 |
| 2018 | $2,945,112,013▲3.6% | $2,774,055,234▲7.9% | $2,183,943,201▲8.2% | $4,194,636,548▲2.3% | 990 |
| 2017 | $2,843,409,556▲16.0% | $2,570,966,431▲14.1% | $2,017,601,369▲22.1% | $4,101,090,631▲22.9% | 990 |
| 2016 | $2,450,589,608▲11.9% | $2,252,822,955▲8.5% | $1,652,481,999▲16.5% | $3,337,181,511▲10.8% | 990 |
| 2015 | $2,190,255,174▲5.6% | $2,076,539,734▲4.5% | $1,418,599,950▲5.3% | $3,012,930,256▲3.5% | 990 |
| 2014 | $2,074,445,748▲7.1% | $1,986,768,195▲5.0% | $1,346,949,041▲9.9% | $2,910,431,482▲12.1% | 990 |
| 2013 | $1,936,058,793 | $1,891,429,039▲10.1% | $1,225,612,793▲12.1% | $2,597,240,985▲8.1% | 990 |
| 2012 | — | $1,717,304,399▲6.6% | $1,093,291,852▲18.0% | $2,402,315,481▲7.2% | 990 |
| 2011 | — | $1,610,417,091▲4.8% | $926,443,130▲12.8% | $2,240,196,653▲22.6% | 990 |
| 2010 | — | $1,536,726,895 | $821,477,599 | $1,826,801,611 | 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: Kenneth Davis — $2,825,745 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kenneth Davis | Trustee and Former Officer | 2 | $2,825,745 |
| David L Reich | President and System Chief Clinical Officer | 58 | $2,154,844 |
| Brendan Carr 1 | Chief Executive Officer (start 1/1/24) | 22.1 | $2,076,835 |
| Scott Pittman | Sr Vp Sys Chief Investment Off | 31.4 | $1,176,145 |
| Samin Sharma | Professor, Cardiology | 31.9 | $1,139,259 |
| Dennis Charney 1 | President, Academic Affairs | 21.8 | $984,219 |
| Margaret Pastuszko | System President & Chief Operating Officer | 20.6 | $873,895 |
| Jonathan Kyriacou | Chief Operating Officer | 60 | $820,713 |
| Michael Pastier | Svp, Chief Financial Officer | 33.4 | $814,878 |
| Shirish Huprikar | Professor, Infectious Disease | 60 | $798,675 |
| Cameron Hernandez | Executive Director & Coo Mshq | 60 | $764,197 |
| Stephen Harvey | Evp, System Cfo (end 12/31/24) | 19.8 | $752,534 |
| Jeremy Boal | Former Officer | 0 | $685,212 |
| Beth Essig | Evp, General Counsel | 20.8 | $680,287 |
| Emma Palmer | Evp, Chief of Staff & External Affairs | 22.1 | $302,002 |
| Frank Cino | Svp, System Chief Risk Officer | 22.1 | $285,181 |
| Jeffrey Silberstein | Evp, System Cao | 21 | $277,901 |
| Vincent Tammaro | Evp, System Cfo (start 10/1/24) | 21.8 | $259,130 |
| Beth Yagoda | Evp, System Chief Administrative Officer | 21.9 | $212,675 |
| Kelly Cassano | Evp, Sys Ambulatory Operation | 11 | $210,042 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Laboratory Corporation | Lab Services | $41,450,015 |
| Laboratory Corporation | Lab Services | $41,450,015 |
| Crothall Healthcare Inc | Management | $36,291,035 |
| Crothall Healthcare Inc | Management | $36,291,035 |
| Accenture International Ltd | Consulting | $30,819,936 |
| Accenture International Ltd | Consulting | $30,819,936 |
| Rightsourcing Inc | Personnel | $30,776,514 |
| Rightsourcing Inc | Personnel | $30,776,514 |
| Shields Health Solutions | Billing | $25,961,245 |
| Shields Health Solutions | Billing | $25,961,245 |
Grants received · $98.8M total
208 grants to Mount Sinai Hospital totaling $98.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $304.4M in FY2024
10 grants totaling $304.4M in FY2024. All grants made by Mount Sinai Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Icahn School of Medicine At Mount Sinai | Fund physician practice project | $95,207,838 |
| Icahn School of Medicine At Mount Sinai | Fund physician practice project | $95,207,838 |
| Icahn School of Medicine At Mount Sinai | Fund strategic project | $38,919,000 |
| Icahn School of Medicine At Mount Sinai | Fund strategic project | $38,919,000 |
| Mount Sinai Health System Executive V P For Finance | Fund operating loss | $15,665,693 |
| Mount Sinai Health System Executive V P For Finance | Fund operating loss | $15,665,693 |
| The Institute For Family Health | Community benefit project | $2,127,386 |
| The Institute For Family Health | Community benefit project | $2,127,386 |
| Msmc Realty Corporation | Fund operating loss | $291,000 |
| Msmc Realty Corporation | Fund operating loss | $291,000 |
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Frequently asked questions
- Is Mount Sinai Hospital a legitimate nonprofit?
- Yes. Mount Sinai Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-1624096, based in New York, New York. Donations are tax-deductible.
- What is Mount Sinai Hospital's EIN?
- Mount Sinai Hospital's Employer Identification Number (EIN) is 13-1624096.
- How much revenue does Mount Sinai Hospital report?
- Mount Sinai Hospital reported $4,653,204,635 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mount Sinai Hospital's spending goes to programs?
- Mount Sinai Hospital spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mount Sinai Hospital have?
- CharityIndex grades Mount Sinai Hospital A+, based on program efficiency and fundraising cost.
- How much does Mount Sinai Hospital's highest-paid employee make?
- The highest reported compensation on Mount Sinai Hospital's latest Form 990 is $2,825,745, paid to Kenneth Davis (Trustee and Former Officer).
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Data for Mount Sinai Hospital (EIN 13-1624096) 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.