Montefiore Medical Center

Analysis

Montefiore Medical Center is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in April 1938, 88 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montefiore Medical Center reported income of $5.06bn and spending of $5.00bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.20bn to $5.06bn (+21%), an average of +4.8% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore Medical Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Scan Health Plan ($4.94bn), Ochsner Clinic Foundation ($5.08bn) and Fairview Health Services ($4.71bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Other salaries and wages came to $2.23bn. At year end it held assets of $4.60bn against liabilities of $4.77bn, net assets of -$168.7m. It reported 22,072 employees.