Quick charity verification for Memorial Sloan Kettering Cancer Center (EIN: 131924236)
Verdict: Memorial Sloan Kettering Cancer Center appears trustworthy
88/100Mission Score
$3.4BRevenue
$9.2BAssets
1Red Flags
4Strengths
Red Flags
Officer compensation consistently reported as 0% in summary data, which is atypical for an organization of this scale and requires deeper scrutiny of full filings.
Strengths
Consistent revenue growth, with latest reported revenue at $1.67 billion (202312).
Positive operating margins in most recent years, demonstrating effective financial management (e.g., $1.67B revenue vs $1.51B expenses in 2023).
Significant scale of operations, reflecting a major impact in cancer research and treatment.
Spending Breakdown
How Memorial Sloan Kettering Cancer Center allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Memorial Sloan Kettering Cancer Center
Is Memorial Sloan Kettering Cancer Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Sloan Kettering Cancer Center (EIN: 131924236) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Memorial Sloan Kettering Cancer Center a good charity to donate to?
Memorial Sloan Kettering Cancer Center has a Mission Score of 88/100. Revenue: $3.4B. Assets: $9.2B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Memorial Sloan Kettering Cancer Center?
The Employer Identification Number (EIN) for Memorial Sloan Kettering Cancer Center is 131924236. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Memorial Sloan Kettering Cancer Center spend its money?
Memorial Sloan Kettering Cancer Center allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Memorial Sloan Kettering Cancer Center's tax-exempt status?
You can verify Memorial Sloan Kettering Cancer Center's tax-exempt status using EIN 131924236 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Memorial Sloan Kettering Cancer Center (MSKCC) demonstrates robust financial health, with its assets consistently growing over the past decade, reaching $8.54 billion in 2023. The organization has consistently reported significant revenues, with the latest available filing showing $1.67 billion in revenue against $1.51 billion in expenses for the period ending 202312, indicating a healthy operating surplus. This financial stability allows MSKCC to maintain its extensive operations in cancer research and treatment.
While specific breakdowns of program, administrative, and fundraising expenses are not directly provided in the summary data, the overall financial scale suggests a substantial portion of spending is directed towards its mission. The consistent growth in assets and revenue, coupled with manageable liabilities, points to effective financial management. The absence of reported officer compensation in the provided data is notable and could indicate that executive compensation is reported differently or is not a significant direct expense from the summarized figures, which would be a positive indicator for transparency if further details are available in full filings.
Overall, MSKCC appears to be a financially sound and well-managed organization. Its substantial assets and consistent revenue generation provide a strong foundation for its critical work in cancer care and research. Further detailed analysis of the full IRS 990 forms would be necessary to fully assess spending efficiency ratios and the specifics of executive compensation, but the available data suggests a strong financial position.