Is Mount Sinai Hospital Legit?

Strengths

Consistent revenue growth over a decade, from $2.07 billion in 2014 to $3.94 billion in 2023.
Maintained positive net income in all reported periods, indicating sound financial management.
Substantial growth in assets, nearly doubling from $2.91 billion in 2014 to $5.78 billion in 2023, demonstrating strong financial stability.
Large-scale operations as a major healthcare provider in New York, NY.

Spending Breakdown

How Mount Sinai Hospital allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Mount Sinai Hospital

Is Mount Sinai Hospital a legitimate charity?

Based on AI analysis of IRS 990 filings, Mount Sinai Hospital (EIN: 131624096) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.

Is Mount Sinai Hospital a good charity to donate to?

Mount Sinai Hospital has a Mission Score of 75/100. Revenue: $4.7B. Assets: $5.9B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mount Sinai Hospital?

The Employer Identification Number (EIN) for Mount Sinai Hospital is 131624096. 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 Mount Sinai Hospital spend its money?

Mount Sinai Hospital allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mount Sinai Hospital's tax-exempt status?

You can verify Mount Sinai Hospital's tax-exempt status using EIN 131624096 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

Mount Sinai Hospital demonstrates consistent financial growth over the past decade, with revenue increasing from $2.07 billion in 2014 to $3.94 billion in 2023. The organization consistently operates with a positive net income, indicating sound financial management. For instance, in 2023, revenue was $3,946,842,937 against expenses of $3,940,977,020, resulting in a surplus. The asset base has also shown substantial growth, nearly doubling from $2.91 billion in 2014 to $5.78 billion in 2023, suggesting strong long-term financial stability. The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size and may indicate that executive compensation is reported under different categories or that the 990 data provided is incomplete regarding this specific detail, which could impact transparency assessment if not further clarified.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent positive net income suggests that expenses are generally well-managed relative to revenue. The significant scale of operations, as indicated by billions in revenue and assets, points to a major healthcare provider. The lack of reported officer compensation directly on the 990s could be a red flag for transparency if it means compensation is not being disclosed in an easily accessible manner, or it could simply be a data entry artifact. Further investigation into the full 990 forms would be necessary to fully understand the allocation of expenses and executive remuneration.

Verdict: Mount Sinai Hospital appears trustworthy

Red Flags