Albert Einstein College of Medicine

Analysis

Albert Einstein College of Medicine is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2018, 8 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, Albert Einstein College of Medicine reported income of $411.4m and spending of $523.4m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $364.4m to $411.4m (+13%), an average of +3.1% a year. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albert Einstein College of Medicine 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 University of Tampa ($408.2m), University of Nebraska Foundation ($413.0m) and National University ($400.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $3.6m (0.7% of expenses). Other salaries and wages came to $216.0m. At year end it held assets of $980.6m against liabilities of $492.8m, net assets of $487.8m. It reported 2,779 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.