Montefiore Einstein Inc

Analysis

Montefiore Einstein Inc is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in July 2015, 11 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, Montefiore Einstein Inc reported income of $39.1m and spending of $40.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $51.9m to $39.1m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Montefiore Einstein Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Conquer Cancer FDN of the American Society of Clinical Oncology ($39.1m), Indiana University Health Jay Inc ($39.1m) and Community Health Centers of Burlington Inc ($39.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $26.1m (65% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $16.1m against liabilities of $16.6m, net assets of -$488k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.