Icahn School Of Medicine At Mount Sinai

Organization Overview

Icahn School Of Medicine At Mount Sinai is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, Icahn School Of Medicine At Mount Sinai employed 17,768 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Icahn School Of Medicine At Mount Sinai is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Icahn School Of Medicine At Mount Sinai generated $3.8b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.8b during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PROVIDES BASIC & TERTIARY PHYSICIANS SERVICES AND LABORATORY TESTING SERVICES TO PATIENTS ON AN ONGOING BASIS.


ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI CONDUCTS RESEARCH IN THE AREAS OF BIOLOGICAL, SOCIAL AND PHYSICAL SCIENCES. FUNDAMENTAL AND APPLIED RESEARCH IS PRIMARILY ENTERED IN GEOGRAPHIC PROXIMITY TO CLINICAL FACILITIES.


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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Change Healthcare Llc
Billing Services
$12,315,947
Laboratory Corporation
Lab Testing
$4,321,469
Vrp Of Ny Pa
Physician Services
$3,102,355
Renalytixai Inc
Lab Testing
$3,551,100
Jackson Laboratory
Lab Testing
$2,199,968
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$6,161,962
Related organizations$188,100,939
Government grants $185,870
All other contributions, gifts, grants, and similar amounts not included above$719,007,972
Noncash contributions included in lines 1a–1f $5,815,931
Total Revenue from Contributions, Gifts, Grants & Similar$913,456,743
Total Program Service Revenue$2,771,779,079
Investment income $8,302,571
Tax Exempt Bond Proceeds $405,268
Royalties $23,423,282
Net Rental Income $71,220
Net Gain/Loss on Asset Sales $30,022,716
Net Income from Fundraising Events -$658,319
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,782,773,835

Grants Awarded

Over the last fiscal year, Icahn School Of Medicine At Mount Sinai has awarded $183,514 in support to 2 organizations.

Grant RecipientAmount

THE MOUNT SINAI HOSPITAL

PURPOSE: FUNDING EQUITY LOSS

$91,757

THE MOUNT SINAI MEDICAL CENTER

PURPOSE: FUNDING EQUITY LOSS

$91,757
View Grant Profile

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