Icahn School of Medicine at Mount Sinai

Analysis

Icahn School of Medicine at Mount Sinai is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Icahn School of Medicine at Mount Sinai reported income of $4.16bn and spending of $4.16bn, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.19bn to $4.16bn (+30%), an average of +6.9% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icahn School of Medicine at Mount Sinai 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 California Institute of Technology ($3.93bn), University of Chicago ($4.66bn) and Duke University ($3.75bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $11.4m (0.3% of expenses). Other salaries and wages came to $2.58bn. At year end it held assets of $3.86bn against liabilities of $2.63bn, net assets of $1.23bn. It reported 16,055 employees.