ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,488,369,634
Program Services
70%
Contributions
18%
Other
11%
Investments
<1%
Fundraising Events
<1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$4,436,550,676
Salaries & Benefits
74%
Other
12%
Offices, Occupancy & IT
5%
Fees to Service Providers
5%
Depreciation
3%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$764,057,208
$819,733,175
+7%
Government Grants
$185,227
$180,926
-2%
Fundraising Events
$7,519,221
$11,004,391
+46%
Program Services
$3,006,575,280
$3,159,150,950
+5%
Membership Dues
$0
$0
-
Investments
$12,835,141
$13,320,774
+4%
Other
$370,097,844
$484,979,418
+31%
Total Revenues
$4,161,269,921
$4,488,369,634
+8%
Expenses
2023
2024
Change
Grants
$10,365,992
$12,258,080
+18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,093,111,014
$3,295,451,437
+7%
Fees to Service Providers
$242,626,574
$217,994,719
-10%
Advertising & Promotion
$6,479,403
$5,319,841
-18%
Offices, Occupancy & IT
$202,862,706
$218,582,180
+8%
Interest
$29,164,485
$29,506,492
+1%
Depreciation
$112,040,066
$114,731,961
+2%
Other
$463,592,873
$542,705,966
+17%
Total Expenses
$4,160,243,113
$4,436,550,676
+7%
Net income
2023
2024
Change
Net income
+$1,026,808
+$51,818,958
+4947%
Functional Expenses
Summary
2023
2024
Change
Program
$3,719,613,059
$3,927,537,217
+6%
Admin
$421,069,822
$489,681,542
+16%
Fundraising
$19,560,232
$19,331,917
-1%
Total Expenses
$4,160,243,113
$4,436,550,676
+7%
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