Icahn School of Medicine at Mount Sinai
Nonprofit profile at a glance
- EIN
- 136171197
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New York, NY, USA
- Phone
- 2122414440
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Graduate, Professional Schools (Separate Entities)
Reported finances
- Revenue
- $4,488,369,634
- Expenses
- $4,436,550,676
- Assets
- $4,256,017,382
- Liabilities
- $2,709,429,634
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
86 people listed
Executive titles in this filing
- Brendan G Carr MD (CHIEF EXECUTIVE OFFICER (START 1/1/24))
- MARGARET PASTUSZKO (System President & Chief Operating Officer)
Highest reported compensation
- KENNETH DAVIS MD (Trustee and Former Officer): $7,503,060 total reported compensation
- HANI SBITANY MD (PROFESSOR SURGERY): $6,790,337 total reported compensation
- ANDREW HECHT MD (PROFESSOR ORTHO NEURO SURG): $6,184,907 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
ORGANIZATION MISSION STATEMENT The Icahn School of Medicine at Mount Sinai advances science, medicine, and health care delivery for the benefit of humanity through a culture of excellence, innovation, collaboration, and belonging. We conduct groundbreaking research; educate and nurture the next generation of exceptional clinicians, researchers, teachers, and leaders; and deliver the most advanced compassionate care with an unwavering commitment to health equity.
What it reported doing in 2024
Icahn school of medicine at mount sinai passionately advances education and is responsible for the certification of physicians at the undergraduate, graduate and post-graduate levels as well as the certification of biomedical scientists at the graduate level.
Operating model
- Revenue model
- Other-operating. 74% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 81
- Accountability: 91
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90%; rating input score 90
- Program expense ratio: 88.5%; rating input score 89
- Fundraising efficiency: $54.5 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Pass
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 85.2%; rating input score 85; 32nd 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: 1.2%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 8.6% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 8.7% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 90% of revenue deployed · 88.5% of spending went to programs
- Governance: 52 of 61 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $3.9B in reported program spending
- Leadership: top reported pay $7.5M · 86 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $26.2M reported
- Consistency: 46 of 47 current checks pass · 1 finding to review
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 26 filed money-flow records
- Related organizations: 44 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 38/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.