MOUNT SINAI HOSPITAL MEDICAL CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$428,262,286
Program Services
94%
Government Grants
3%
Other
1%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$473,848,772
Other
56%
Salaries & Benefits
35%
Fees to Service Providers
4%
Depreciation
2%
Offices, Occupancy & IT
1%
Interest
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,799,489
$2,255,710
-67%
Government Grants
$29,045,690
$14,580,697
-50%
Fundraising Events
$0
$0
-
Program Services
$386,536,016
$404,542,985
+5%
Membership Dues
$0
$0
-
Investments
$262,884
$1,525,136
+480%
Other
$3,724,664
$5,357,758
+44%
Total Revenues
$426,368,743
$428,262,286
+0%
Expenses
2023
2024
Change
Grants
$1,158,545
$1,098,337
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$146,627,770
$167,537,592
+14%
Fees to Service Providers
$44,071,785
$20,923,908
-53%
Advertising & Promotion
$3,931
$1,393
-65%
Offices, Occupancy & IT
$13,035,682
$4,821,092
-63%
Interest
$2,265,066
$4,471,960
+97%
Depreciation
$12,038,983
$11,285,350
-6%
Other
$233,075,815
$263,709,140
+13%
Total Expenses
$452,277,577
$473,848,772
+5%
Net income
2023
2024
Change
Net income
-$25,908,834
-$45,586,486
-76%
Functional Expenses
Summary
2023
2024
Change
Program
$371,474,352
$379,172,351
+2%
Admin
$80,803,225
$94,676,421
+17%
Fundraising
$0
$0
-
Total Expenses
$452,277,577
$473,848,772
+5%
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