MEMORIAL SLOAN-KETTERING CANCER CENTER
1275 YORK AVE, NEW YORK, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $8,499,234,483 | $7,913,348,443 | $9,997,707,000 |
| FY2023 | $7,462,624,000 | $7,188,709,398 | $9,237,367,000 |
| FY2022 | $7,251,947,000 | $6,852,007,000 | $8,741,218,000 |
| FY2021 | $6,930,810,000 | $6,144,357,000 | $9,824,842,000 |
| FY2020 | $5,383,849,774 | $5,799,378,774 | $8,068,918,000 |
| FY2019 | $5,561,914,000 | $5,259,261,000 | $6,975,513,000 |
| FY2018 | $5,118,490,000 | $4,659,570,111 | $6,426,091,000 |
| FY2017 | $4,499,057,098 | $4,184,654,098 | $6,102,810,000 |
| FY2016 | $3,938,149,398 | $3,781,247,199 | $5,725,987,199 |
| FY2015 | $3,867,024,714 | $3,528,902,741 | $5,530,882,000 |
| FY2014 | $3,601,970,032 | $3,169,289,032 | $5,364,860,000 |
| FY2013 | $3,386,091,872 | $2,916,945,872 | $5,143,974,000 |
| FY2012 | $2,862,138,022 | $2,765,697,022 | $4,233,052,000 |
| FY2011 | $2,945,144,584 | $2,591,837,584 | $3,941,162,000 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $834,084,205 | 11% |
| Program service revenue | $7,073,995,000 | 89% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $7,810,552,814 | 99% |
| Management & general | $18,028,832 | 0% |
| Fundraising | $84,766,797 | 1% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 0%, and fundraising 1%.
- 99% of functional expenses went to program services in FY2024. That is higher than 95.2% of 435 Health Care organizations in NY.
- Net assets covered about 15.2 months of expenses at the end of the reporting year. That puts it in the 62nd percentile among 1642 Health Care organizations in NY.
- Total revenue was higher than 99.9% of 1756 Health Care organizations in NY.
- Total revenue rose from $2,945,144,584 in FY2011 to $8,499,234,483 in FY2024, Revenue increased in 11 and decreased in 2 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2020).
- Net assets grew from $3,941,162,000 to $9,997,707,000 between FY2011 and FY2024.
- Contributions and grants made up 16% of revenue in FY2011 and 10% in FY2024.
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
LEADERSHIP IN THE PREVENTION, TREATMENT, AND CURE OF CANCER THROUGH EXCELLENCE, VISION AND COST EFFECTIVENESS IN PATIENT CARE, OUTREACH PROGRAMS, RESEARCH, AND EDUCATION.
IRS status
| Ruling year | 1962 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E240 — Health Care (in NY) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 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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