Memorial Sloan Kettering Cancer Center
Memorial Sloan Kettering Cancer Center maintains strong financial growth with over $8.5 billion in assets and consistent operating surpluses.
EIN: 131924236 · New York, NY · NTEE: E120 · Updated: 2026-03-28
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Memorial Sloan Kettering Cancer Center is mapped to EIN 131924236.
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| Metric | Value |
|---|---|
| Total Revenue | $3.4B |
| Total Expenses | $1.5B |
| Program Spending | 85% |
| Net Assets | $4.4B |
| Transparency Score | 88/100 |
Search Intent Cockpit
Memorial Sloan Kettering Cancer Center Form 990, Revenue, CEO Pay, and IRS Filing Signals
Memorial Sloan Kettering Cancer Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Memorial Sloan Kettering Cancer Center in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.7B and expenses of $1.5B.
Revenue and Expenses
Memorial Sloan Kettering Cancer Center reported $1.7B in revenue and $1.5B in expenses, a surplus of $162.6M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
88/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Memorial Sloan Kettering Cancer Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.3B (85%) |
Across stored filings, Memorial Sloan Kettering Cancer Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
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Memorial Sloan Kettering Cancer Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Sloan Kettering Cancer Center
Memorial Sloan Kettering Cancer Center (EIN: 131924236) is a nonprofit organization based in New York, NY, classified under NTEE code E120. The organization reported total revenue of $3.4B and total assets of $9.2B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Sloan Kettering Cancer Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Sloan Kettering Cancer Center is a major nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7B |
| Total Expenses | $1.5B |
| Surplus / Deficit | +$162.6M |
| Total Assets | $8.5B |
| Total Liabilities | $4.1B |
| Net Assets | $4.4B |
| Operating Margin | 9.7% |
| Debt-to-Asset Ratio | 48.3% |
| Months of Reserves | 68.0 months |
Financial Health Grade: A
In 2023, Memorial Sloan Kettering Cancer Center reported a surplus of $162.6M with revenue exceeding expenses, holds 68.0 months of operating reserves (strong position), has a debt-to-asset ratio of 48.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Sloan Kettering Cancer Center's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.5% | +2.0% | +7.7% |
| 2022 | +19.0% | +17.6% | -2.4% |
| 2021 | +39.5% | +11.1% | +19.6% |
| 2020 | +11.3% | +14.0% | +18.8% |
| 2019 | -6.4% | +15.6% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Memorial Sloan Kettering Cancer Center with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Memorial Sloan Kettering Cancer Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $162.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.3%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all listed periods, which is unusual for an organization of this size and suggests that executive compensation is either reported under different categories or not included in this specific summary, warranting further investigation in the full 990 filings.
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 Memorial Sloan Kettering Cancer Center's IRS 990 filings:
- 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
The following positive indicators were identified for Memorial Sloan Kettering Cancer Center:
- Consistent revenue growth, with latest reported revenue at $1.67 billion (202312).
- Strong asset base, reaching $8.54 billion in 2023, indicating robust financial health.
- 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.
Frequently Asked Questions about Memorial Sloan Kettering Cancer Center
Is Memorial Sloan Kettering Cancer Center a legitimate charity?
Memorial Sloan Kettering Cancer Center (EIN: 131924236) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4B. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Memorial Sloan Kettering Cancer Center spend its money?
Memorial Sloan Kettering Cancer Center directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Memorial Sloan Kettering Cancer Center tax-deductible?
Memorial Sloan Kettering Cancer Center is registered as a tax-exempt nonprofit (EIN: 131924236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorial Sloan Kettering Cancer Center's spending goes to programs?
Memorial Sloan Kettering Cancer Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Sloan Kettering Cancer Center compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Memorial Sloan Kettering Cancer Center is above average for NTEE category E120 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Sloan Kettering Cancer Center located?
Memorial Sloan Kettering Cancer Center is headquartered in New York, New York and files with the IRS under EIN 131924236. It is classified under NTEE code E120.
How many years of IRS 990 filings does Memorial Sloan Kettering Cancer Center have?
Memorial Sloan Kettering Cancer 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 $3.4B in total revenue.
Is Memorial Sloan Kettering Cancer Center financially stable?
Yes, MSKCC is financially stable, evidenced by its consistent revenue growth, significant assets ($8.54 billion in 2023), and operating surpluses in most recent years (e.g., $1.67 billion revenue vs. $1.51 billion expenses in 2023).
How has MSKCC's financial position changed over the last decade?
MSKCC has shown substantial financial growth over the last decade, with assets increasing from $4.81 billion in 2014 to $8.54 billion in 2023, and revenues also showing a strong upward trend.
What is the trend in MSKCC's liabilities?
MSKCC's liabilities have increased over the decade, from $2.65 billion in 2014 to $4.13 billion in 2023, but assets have grown at a faster rate, maintaining a healthy financial leverage.
Filing History
IRS 990 filing history for Memorial Sloan Kettering Cancer Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Sloan Kettering Cancer Center's revenue has grown by 155.8%, moving from $653.1M to $1.7B. Total assets increased by 121.2% over the same period, from $3.9B to $8.5B. Total functional expenses rose by 175.4%, from $547.4M to $1.5B. In its most recent filing year (2023), Memorial Sloan Kettering Cancer Center reported a surplus of $162.6M, with revenue exceeding expenses. The organization holds $4.1B in liabilities against $8.5B in assets (debt-to-asset ratio: 48.3%), resulting in net assets of $4.4B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7B | $1.5B | $8.5B | $4.1B | — | View 990 |
| 2022 | $1.8B | $1.5B | $7.9B | $4.4B | — | View 990 |
| 2021 | $1.6B | $1.3B | $8.1B | $4.0B | — | View 990 |
| 2020 | $1.1B | $1.1B | $6.8B | $3.6B | — | View 990 |
| 2019 | $999.2M | $992.6M | $5.7B | $3.6B | — | View 990 |
| 2018 | $1.1B | $858.6M | $5.2B | $3.2B | — | View 990 |
| 2017 | $823.7M | $797.5M | $5.6B | $3.5B | — | View 990 |
| 2016 | $630.9M | $708.0M | $5.3B | $3.3B | — | View 990 |
| 2015 | $786.7M | $699.9M | $5.3B | $3.2B | — | View 990 |
| 2014 | $687.7M | $631.6M | $4.8B | $2.6B | — | View 990 |
| 2013 | $582.7M | $581.7M | $4.8B | $2.5B | — | View 990 |
| 2012 | $551.5M | $567.4M | $4.7B | $2.6B | — | View 990 |
| 2011 | $653.1M | $547.4M | $3.9B | $1.9B | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7B, expenses of $1.5B, and assets of $8.5B (revenue -9.5% year-over-year).
- 2022: Revenue of $1.8B, expenses of $1.5B, and assets of $7.9B (revenue +19.0% year-over-year).
- 2021: Revenue of $1.6B, expenses of $1.3B, and assets of $8.1B (revenue +39.5% year-over-year).
- 2020: Revenue of $1.1B, expenses of $1.1B, and assets of $6.8B (revenue +11.3% year-over-year).
- 2019: Revenue of $999.2M, expenses of $992.6M, and assets of $5.7B (revenue -6.4% year-over-year).
- 2018: Revenue of $1.1B, expenses of $858.6M, and assets of $5.2B (revenue +29.6% year-over-year).
- 2017: Revenue of $823.7M, expenses of $797.5M, and assets of $5.6B (revenue +30.6% year-over-year).
- 2016: Revenue of $630.9M, expenses of $708.0M, and assets of $5.3B (revenue -19.8% year-over-year).
- 2015: Revenue of $786.7M, expenses of $699.9M, and assets of $5.3B (revenue +14.4% year-over-year).
- 2014: Revenue of $687.7M, expenses of $631.6M, and assets of $4.8B (revenue +18.0% year-over-year).
- 2013: Revenue of $582.7M, expenses of $581.7M, and assets of $4.8B (revenue +5.7% year-over-year).
- 2012: Revenue of $551.5M, expenses of $567.4M, and assets of $4.7B (revenue -15.6% year-over-year).
- 2011: Revenue of $653.1M, expenses of $547.4M, and assets of $3.9B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Sloan Kettering Cancer Center:
Data Sources and Methodology
This transparency report for Memorial Sloan Kettering Cancer 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.