NewYork-Presbyterian

Legal name: The New York and Presbyterian Hospital

Overview

Mission

To be a leader in the provision of world class patient care, teaching, research, and service to local, state, national, and international communities. Our dedicated team of healthcare professionals at NewYork-Presbyterian forms the backbone of its exceptional healthcare delivery. With our commitment to patient care, innovation, and collaboration, these professionals drive the hospital's mission to provide world-class medical services and compassionate support to every individual they serve. 45,000 Employees. The Food and Drug Administration approves Rho(D) immune globulin (RhoGAM), a newborn-saving vaccine developed by Dr. John G. Gorman, blood bank director at NewYork-Presbyterian/Columbia University Irving Medical Center, in collaboration with Dr. Vincent Freda, a NewYork-Presbyterian/Columbia obstetrician, and William Pollack of Ortho Pharmaceutical Co. It has saved hundreds of...

What it reported doing in 2024

The New York and presbyterian hospital provides quality medical care regardless of race, creed, sex, sexual orientation, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operations and stability of the hospital, the hospital recognizes that not all individuals possess the ability to pay for essential medical services and, furthermore, the hospital's mission is to serve the community with respect to health care. Therefore, in keeping with the hospital's commitment to serve all members of the community, the hospital provides the following: free and reduced price medical care (financial assistance/charity care) to the indigent; care to persons covered by governmental programs at below-cost; subsidized health services; and health care activities, medical education and programs to support the community. Community benefit activities include wellness programs, community education programs, health screenings, and a broad variety of community support services, health professional education, and subsidized health services. The hospital had 167,193 discharges and provided 1,284,331 outpatient visits (clinic - 734,668 emergency room - 403,584) plus 146,079 ambulatory surgery procedures.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
133957095
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
New York, NY, USA
Phone
2122974255
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Official website

Reported finances

Revenue
$10,662,065,094
Expenses
$10,114,875,710
Assets
$21,869,325,248
Liabilities
$7,871,607,498

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 81
  • Accountability: 97
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.8%; rating input score 81
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 99.6%; rating input score 100; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 94.8%; rating input score 95; 45th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.1%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 2.16; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 9.4% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site
  • Where the money goes: 80.8% of revenue deployed · 85% of spending went to programs
  • Governance: 91 of 96 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.6B in reported program spending
  • Leadership: top reported pay $26.3M · 134 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $435.9M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 241 filed money-flow records
  • Related organizations: 264 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.

Leadership & pay

134 people listed

Highest reported compensation

  • STEVEN J CORWIN (PRESIDENT & CEO/TRUSTEE): $26,271,976 total reported compensation
  • LAURA L FORESE (FORMER OFFICER): $6,490,931 total reported compensation
  • BRIAN DONLEY (EVP & COO): $5,425,655 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024.