Mount Sinai Medical Center Inc

Analysis

Mount Sinai Medical Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1967, 59 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount Sinai Medical Center Inc reported income of $1.0m and spending of $463k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $1.0m (+460%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 8000%. Over the whole period it spent 2.3% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mount Sinai Medical Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Trillium Foundation Inc ($1.0m), Grace Clinic ($1.0m) and Texas Elks Childrens Services Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $2.53bn against liabilities of $2.51bn, net assets of $15.0m.