The New York and Presbyterian Hospital
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
The New York and Presbyterian Hospital is a 501(c)(3) organization based in New York, New York, registered in 1997, with $10,662,065,094 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
525 E 68th St, New York, NY, 10065 EIN 13-3957095 Since 1997
Revenue (FY2024)
$10.7B
▲ 4.0% vs prior year
Health median: $840K
Expenses (FY2024)
$10.1B
Net assets
$14.0B
Employees
36,103
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 rating85% to programs · $0 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 The New York and Presbyterian Hospital: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +5% 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 The New York and Presbyterian Hospital: 17 mo reserves · +5% 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 The New York and Presbyterian 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 The New York and Presbyterian Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To be a leader in the provision of world class patient care, teaching, research, and service to local, state, national, and international communities.
Contact & location
- Address
- 525 E 68th St, New York, NY, 10065
- City
- New York
- State
- New York
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4.4B (FY2013) to $10.7B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.9BNet assets $14.0B
Operating margin
5.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$21.9B
Total liabilities
$7.9B
Net assets
$14.0B
Salaries & benefits
$5.9B
58% of expenses
Board members
96
91 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,662,065,094▲4.0% | $10,114,875,710▲3.7% | $13,997,717,750▲15.5% | $21,869,325,248▲8.8% | 990 |
| 2023 | $10,254,512,111▲15.0% | $9,755,790,336▲14.2% | $12,116,861,812▲13.8% | $20,094,954,661▲11.2% | 990 |
| 2022 | $8,916,664,958▲21.6% | $8,545,743,761▲21.3% | $10,650,692,240▲5.9% | $18,064,472,827▲4.0% | 990 |
| 2021 | $7,331,871,637▲9.4% | $7,046,564,401▼2.9% | $10,052,869,560▲23.2% | $17,374,804,331▲5.9% | 990 |
| 2020 | $6,703,258,154▼0.2% | $7,256,864,939▲13.4% | $8,157,149,281▼1.4% | $16,400,838,456▲16.8% | 990 |
| 2019 | $6,714,154,880▲6.2% | $6,401,756,534▲7.3% | $8,273,346,343▲11.9% | $14,037,430,048▲13.6% | 990 |
| 2018 | $6,320,339,436▲11.0% | $5,966,434,053▲13.0% | $7,394,731,009▲7.4% | $12,352,196,093▲7.5% | 990 |
| 2017 | $5,694,362,091▲7.1% | $5,282,081,738▲7.2% | $6,884,096,106▲19.3% | $11,488,282,003▲14.8% | 990 |
| 2016 | $5,317,043,380▲10.4% | $4,929,181,210▲8.4% | $5,768,106,568▲10.1% | $10,009,794,235▲16.0% | 990 |
| 2015 | $4,816,088,296▲6.1% | $4,545,788,229▲7.1% | $5,238,943,229▲4.4% | $8,628,299,065▲11.7% | 990 |
| 2014 | $4,540,758,825▲3.7% | $4,244,955,757▲4.5% | $5,016,533,120▲4.6% | $7,726,924,231▲4.8% | 990 |
| 2013 | $4,379,915,697 | $4,063,382,265▲11.2% | $4,795,314,032▲30.0% | $7,370,875,491▲26.6% | 990 |
| 2012 | — | $3,653,991,760▲4.4% | $3,689,399,589▲14.3% | $5,823,511,993▲8.7% | 990 |
| 2011 | — | $3,499,335,917▲4.8% | $3,227,777,745▲3.0% | $5,358,925,312▲9.0% | 990 |
| 2010 | — | $3,340,105,878 | $3,133,049,933 | $4,917,782,315 | 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: Steven J Corwin — $23,299,889 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Steven J Corwin | President & Ceo/trustee | 39.7 | $23,299,889 |
| Laura L Forese | Former Officer | 0 | $6,251,405 |
| Brian Donley | Evp & Coo | 34.5 | $4,596,942 |
| Michael P Breslin | Gsvp, Cfo & Treasurer | 40.5 | $3,178,968 |
| Anne Dinneen | Svp - Chief Invest Officer | 19 | $2,776,459 |
| Mary Beth Claus | Gsvp, Clo & General Counsel | 48.7 | $2,479,210 |
| Dov N Schwartzben | Svp - Finance | 60 | $2,394,864 |
| Wilhelmina Manzano | Gsvp & Chief Nursing Officer | 59 | $2,206,732 |
| Paresh Shah | Gsvp Chief Operating Officer | 60 | $2,090,410 |
| Devika Mathrani | Svp, Chief Marketing & Comm Officer | 60 | $1,985,352 |
| Peter Fleischut | Gsvp Chief Info. and Transformation Officer | 59.5 | $1,922,860 |
| Shaun E Smith | Gsvp Chief People and Culture Officer | 58.5 | $1,898,490 |
| Joseph A Ienuso | Gsvp-facil & Real Estate | 27.7 | $1,878,488 |
| Susan Mascitelli | Svp-pat Svcs-liason To Board | 60 | $1,752,878 |
| Laureen Hill | Former Key Employee | 0 | $1,700,000 |
| Jaclyn Mucaria | President Queens (thru 4/2024) | 0 | $1,687,371 |
| William J Farrell | Svp-finance | 55.5 | $1,564,502 |
| Colleen Koch | Gsvp Coo | 60 | $1,560,417 |
| Karen Westervelt | Gsvp Chief of Regul. Plan and Strat. Initiatives | 11 | $1,539,503 |
| Deepa Kumaraiah | Svp & Chief Medical Officer | 42.5 | $1,516,962 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lendlease | Construction Services | $235,109,244 |
| Amn Healthcare Inc | Nurse Staffing | $99,446,577 |
| Turner Construction Company | Construction Services | $42,355,617 |
| Hunter Roberts Construction Group | Construction Services | $29,824,781 |
| Havas Media Group | Media Services | $29,125,745 |
Grants received · $1.4B total
159 grants to The New York and Presbyterian Hospital totaling $1.4B, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New York-presbyterian Fund Inc | Support | 2024 | $142,044,478 |
| Royal Charter Properties - East Inc | Support | 2024 | $35,754,000 |
| Dalio Family Fund Inc | Restricted to support the dalio center for health justice | 2024 | $10,000,000 |
| The New York Community Trust | For research. | 2024 | $396,370 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $276,083 |
| Greater Horizons | Health, medicine & science | 2024 | $250,000 |
| The New York Community Trust | For general support. | 2024 | $72,170 |
| The Community Foundation For Greater Atlanta Inc | Human services | 2024 | $50,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,000 |
| Fjc | General operating support | 2024 | $10,000 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $10,000 |
| Health Research and Educational Trust | Foster mcgaw prize finalist | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $7,059 |
| Dalio Family Fund Inc | Restricted to support organizational sustainability | 2024 | $6,000 |
| American Endowment Foundation | Health, general | 2024 | $5,500 |
Grants made · $149.5M in FY2024
198 grants totaling $149.5M in FY2024 — showing the 15 largest. All grants made by The New York and Presbyterian Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Kings Physician Services PC | Support | $60,361,836 |
| Lawrence Medical Associates PC | Support | $49,251,343 |
| The Westchester Medical Practice PC | Support | $17,115,807 |
| New York Queens Medicine and Surgery PC | Support | $10,113,433 |
| Royal Charter Properties Inc | Support | $3,532,000 |
| Hudson Valley Hospital Center | Support | $908,220 |
| Common Ground Management Corporation | Support | $784,737 |
| Peoples Theatre Project Inc | Support | $565,000 |
| Foundation For City College | Support | $399,531 |
| West Side Center For Community Life Inc | Support | $355,000 |
| Northern Manhattan Improvement Corp | Support | $299,000 |
| Brooklyn Music School | Support | $250,000 |
| Tides Center | Support | $250,000 |
| William Woodward Jr Nursery School | Support | $212,000 |
| Prospect Park Alliance Inc | Support | $175,000 |
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Frequently asked questions
- Is The New York and Presbyterian Hospital a legitimate nonprofit?
- Yes. The New York and Presbyterian Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3957095, based in New York, New York. Donations are tax-deductible.
- What is The New York and Presbyterian Hospital's EIN?
- The New York and Presbyterian Hospital's Employer Identification Number (EIN) is 13-3957095.
- How much revenue does The New York and Presbyterian Hospital report?
- The New York and Presbyterian Hospital reported $10,662,065,094 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The New York and Presbyterian Hospital's spending goes to programs?
- The New York and Presbyterian Hospital spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The New York and Presbyterian Hospital have?
- CharityIndex grades The New York and Presbyterian Hospital A, based on program efficiency and fundraising cost.
- How much does The New York and Presbyterian Hospital's highest-paid employee make?
- The highest reported compensation on The New York and Presbyterian Hospital's latest Form 990 is $23,299,889, paid to Steven J Corwin (President & Ceo/trustee).
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Data for The New York and Presbyterian Hospital (EIN 13-3957095) 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.