Memorial Sloan-Kettering Cancer Center
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,819,162,205
Program Services
73%
Contributions
12%
Other
10%
Investments
4%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$1,565,781,773
Salaries & Benefits
54%
Offices, Occupancy & IT
22%
Depreciation
8%
Fees to Service Providers
7%
Other
3%
Advertising & Promotion
3%
Interest
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$206,465,000
$224,208,000
+9%
Government Grants
$1,109,000
$1,652,000
+49%
Fundraising Events
$3,535,934
$4,675,205
+32%
Program Services
$1,273,993,000
$1,326,873,000
+4%
Membership Dues
$0
$0
-
Investments
$68,631,000
$79,575,000
+16%
Other
$116,623,066
$182,179,000
+56%
Total Revenues
$1,670,357,000
$1,819,162,205
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$815,127,600
$852,726,685
+5%
Fees to Service Providers
$131,649,012
$116,087,170
-12%
Advertising & Promotion
$41,618,441
$43,035,076
+3%
Offices, Occupancy & IT
$322,147,703
$343,421,763
+7%
Interest
$35,991,435
$35,780,257
-1%
Depreciation
$120,571,540
$129,357,473
+7%
Other
$40,626,982
$45,373,349
+12%
Total Expenses
$1,507,732,713
$1,565,781,773
+4%
Net income
2023
2024
Change
Net income
+$162,624,287
+$253,380,432
+56%
Functional Expenses
Summary
2023
2024
Change
Program
$1,367,193,967
$1,425,937,105
+4%
Admin
$60,718,134
$55,077,871
-9%
Fundraising
$79,820,612
$84,766,797
+6%
Total Expenses
$1,507,732,713
$1,565,781,773
+4%
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