Icahn School of Medicine at Mount Sinai
1 Gustave L Levy Pl, New York, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $4,488,369,634 | $4,436,550,676 | $1,546,587,748 |
| FY2023 | $4,161,269,921 | $4,160,243,113 | $1,227,061,062 |
| FY2022 | $3,782,773,835 | $3,775,828,672 | $1,285,362,792 |
| FY2021 | $3,694,495,688 | $3,564,467,528 | $1,887,236,343 |
| FY2020 | $3,220,541,602 | $3,195,561,379 | $1,218,346,134 |
| FY2019 | $3,190,991,246 | $3,177,325,231 | $1,131,947,422 |
| FY2018 | $2,954,499,103 | $2,913,470,239 | $1,040,827,264 |
| FY2017 | $2,835,095,729 | $2,779,424,619 | $1,079,957,915 |
| FY2016 | $2,583,763,337 | $2,609,225,762 | $997,474,083 |
| FY2015 | $2,094,255,559 | $2,172,037,218 | $1,008,937,774 |
| FY2014 | $1,749,042,877 | $1,770,047,298 | $1,118,488,781 |
| FY2013 | $1,648,011,058 | $1,629,474,427 | $1,124,024,063 |
| FY2012 | $1,570,784,482 | $1,491,892,572 | $1,034,905,526 |
| FY2011 | $1,417,132,555 | $1,411,658,867 | $917,212,149 |
Form 990 filings
The returns filed by Icahn School of Medicine at Mount Sinai (EIN 13-6171197), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,053,522,869 | 23% |
| Program service revenue | $3,159,150,950 | 70% |
| Other revenue | $275,695,815 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $3,927,537,217 | 89% |
| Management & general | $489,681,542 | 11% |
| Fundraising | $19,331,917 | <1% |
What the numbers show
- Program service revenue made up 70% of total revenue in FY2024.
- Program services accounted for 89% of functional expenses, management & general 11%, and fundraising 0%.
- 89% of functional expenses went to program services in FY2024. That is higher than 68.2% of 412 Education organizations in NY.
- Net assets covered about 4.2 months of expenses at the end of the reporting year. That puts it in the 22nd percentile among 4118 Education organizations in NY.
- Total revenue was higher than 99.9% of 4244 Education organizations in NY.
- Total revenue rose from $1,417,132,555 in FY2011 to $4,488,369,634 in FY2024. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2014, FY2015, FY2016).
- Net assets grew from $917,212,149 to $1,546,587,748 between FY2011 and FY2024.
- Contributions and grants made up 8% of revenue in FY2011 and 24% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE SCHOOL COMMITS TO DRAMATICALLY ADVANCING THE ART AND SCIENCE OF MEDICAL CARE THROUGH AN ATMOSPHERE OF INTENSE COLLABORATIVE LEARNING, SOCIAL CONCERN, AND SCHOLARLY INQUIRY.
IRS status
| Ruling year | 1964 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B500 — Education (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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