Maimonides Medical Center
Maimonides Medical Center reports consistent revenue growth but frequent operating deficits in recent years.
EIN: 111635081 · Brooklyn, NY · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8B |
| Total Expenses | $1.7B |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $292.4M |
| Transparency Score | 65/100 |
Is Maimonides Medical Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maimonides Medical Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maimonides Medical Center
Maimonides Medical Center (EIN: 111635081) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code E220. The organization reported total revenue of $1.8B and total assets of $2.0B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maimonides Medical Center 's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maimonides Medical Center is a major nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6B |
| Total Expenses | $1.7B |
| Surplus / Deficit | $-33,209,470 |
| Total Assets | $1.7B |
| Total Liabilities | $1.4B |
| Net Assets | $292.4M |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 83.2% |
| Months of Reserves | 12.6 months |
Financial Health Grade: C
In 2023, Maimonides Medical Center reported a deficit of $33.2M with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 83.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maimonides Medical Center 's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.9% | +9.3% | +1.9% |
| 2022 | +9.3% | +1.6% | +1.4% |
| 2021 | -5.3% | +8.8% | -7.1% |
| 2020 | +7.4% | +5.7% | +14.4% |
| 2019 | -0.7% | +7.3% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maimonides Medical Center with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Maimonides Medical Center allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.2%.
Executive Compensation Analysis
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization with nearly $2 billion in revenue and suggests that executive compensation may be reported under different categories or is not disclosed in a standard manner, raising transparency concerns.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Maimonides Medical Center 's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022, 2021)
- Unusual 0% officer compensation reporting for a large organization
- Significant and growing liabilities relative to assets
Strengths
The following positive indicators were identified for Maimonides Medical Center :
- Consistent revenue growth over the past decade, reaching $1.8B
- Substantial asset base of nearly $2 billion
- Provides essential healthcare services as indicated by NTEE code E220
Frequently Asked Questions about Maimonides Medical Center
Is Maimonides Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Maimonides Medical Center (EIN: 111635081) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Maimonides Medical Center spend its money?
Maimonides Medical Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maimonides Medical Center tax-deductible?
Maimonides Medical Center is registered as a tax-exempt nonprofit (EIN: 111635081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maimonides Medical Center CEO make?
Maimonides Medical Center 's highest-compensated officer earns $2 annually. The organization reported $1.8B in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maimonides Medical Center 's spending goes to programs?
Maimonides Medical Center directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maimonides Medical Center compare to similar nonprofits?
With a transparency score of 65/100 (Good), Maimonides Medical Center is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maimonides Medical Center located?
Maimonides Medical Center is headquartered in Brooklyn, New York and files with the IRS under EIN 111635081. It is classified under NTEE code E220.
How many years of IRS 990 filings does Maimonides Medical Center have?
Maimonides Medical Center has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8B in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
This is highly unusual for an organization of Maimonides Medical Center's size and revenue, suggesting executive compensation may be reported in other expense categories or through related entities, which could impact transparency.
What is the cause of the recurring operating deficits in recent years?
In 2023, expenses ($1,657,430,423) exceeded revenue ($1,624,220,953), a trend also seen in 2022 and 2021. Understanding the drivers of these deficits is crucial for assessing long-term financial stability.
How does the organization manage its growing liabilities?
Liabilities have increased significantly, reaching $1,448,782,134 in 2023. A detailed understanding of the nature and terms of these liabilities is important for evaluating financial risk.
Filing History
IRS 990 filing history for Maimonides Medical Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maimonides Medical Center 's revenue has grown by 62.1%, moving from $1.0B to $1.6B. Total assets increased by 79.5% over the same period, from $970.2M to $1.7B. Total functional expenses rose by 64.6%, from $1.0B to $1.7B. In its most recent filing year (2023), Maimonides Medical Center reported a deficit of $33.2M, with expenses exceeding revenue. The organization holds $1.4B in liabilities against $1.7B in assets (debt-to-asset ratio: 83.2%), resulting in net assets of $292.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6B | $1.7B | $1.7B | $1.4B | — | — |
| 2022 | $1.5B | $1.5B | $1.7B | $1.4B | — | View 990 |
| 2021 | $1.3B | $1.5B | $1.7B | $1.3B | — | View 990 |
| 2020 | $1.4B | $1.4B | $1.8B | $1.3B | — | View 990 |
| 2019 | $1.3B | $1.3B | $1.6B | $1.1B | — | View 990 |
| 2018 | $1.3B | $1.2B | $1.4B | $998.5M | — | View 990 |
| 2017 | $1.2B | $1.2B | $1.3B | $992.4M | — | View 990 |
| 2016 | $1.1B | $1.1B | $1.1B | $850.0M | — | View 990 |
| 2015 | $1.1B | $1.1B | $1.1B | $825.7M | — | View 990 |
| 2014 | $1.1B | $1.1B | $1.1B | $794.2M | — | View 990 |
| 2013 | $1.1B | $1.0B | $1.0B | $791.1M | — | View 990 |
| 2012 | $1.0B | $1.0B | $1.0B | $814.8M | — | View 990 |
| 2011 | $1.0B | $1.0B | $970.2M | $792.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6B, expenses of $1.7B, and assets of $1.7B (revenue +11.9% year-over-year).
- 2022: Revenue of $1.5B, expenses of $1.5B, and assets of $1.7B (revenue +9.3% year-over-year).
- 2021: Revenue of $1.3B, expenses of $1.5B, and assets of $1.7B (revenue -5.3% year-over-year).
- 2020: Revenue of $1.4B, expenses of $1.4B, and assets of $1.8B (revenue +7.4% year-over-year).
- 2019: Revenue of $1.3B, expenses of $1.3B, and assets of $1.6B (revenue -0.7% year-over-year).
- 2018: Revenue of $1.3B, expenses of $1.2B, and assets of $1.4B (revenue +9.6% year-over-year).
- 2017: Revenue of $1.2B, expenses of $1.2B, and assets of $1.3B (revenue +5.2% year-over-year).
- 2016: Revenue of $1.1B, expenses of $1.1B, and assets of $1.1B (revenue +4.9% year-over-year).
- 2015: Revenue of $1.1B, expenses of $1.1B, and assets of $1.1B (revenue +3.3% year-over-year).
- 2014: Revenue of $1.1B, expenses of $1.1B, and assets of $1.1B (revenue -0.9% year-over-year).
- 2013: Revenue of $1.1B, expenses of $1.0B, and assets of $1.0B (revenue +4.4% year-over-year).
- 2012: Revenue of $1.0B, expenses of $1.0B, and assets of $1.0B (revenue +1.6% year-over-year).
- 2011: Revenue of $1.0B, expenses of $1.0B, and assets of $970.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maimonides Medical Center :
Data Sources and Methodology
This transparency report for Maimonides Medical Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.