Mount Sinai Hospital Foundation Inc
Mount Sinai Hospital Foundation: Declining Revenue, Stable Assets, and Transparency Gaps
EIN: 222584082 · Hartford, CT · NTEE: E112 · Updated: 2026-04-04
Is Mount Sinai Hospital Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Sinai Hospital Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mount Sinai Hospital Foundation Inc
Mount Sinai Hospital Foundation Inc (EIN: 222584082) is a nonprofit organization based in Hartford, CT, classified under NTEE code E112. The organization reported total revenue of $527K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Sinai Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Sinai Hospital Foundation Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $67K |
| Surplus / Deficit | +$186K |
| Total Assets | $3.4M |
| Net Assets | $3.4M |
| Operating Margin | 73.5% |
| Months of Reserves | 601.7 months |
Financial Health Grade: A
In 2023, Mount Sinai Hospital Foundation Inc reported a surplus of $186K with revenue exceeding expenses, holds 601.7 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +167.3% | — | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Mount Sinai Hospital Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mount Sinai Hospital Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $186K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data.
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 Mount Sinai Hospital Foundation Inc's IRS 990 filings:
- Consistent negative revenue in multiple years (e.g., -$127,084 in 2021, -$110,043 in 2020) raises concerns about long-term financial sustainability.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data hinders a comprehensive financial analysis.
- The 'c0%' value in all filings is ambiguous and could indicate a lack of transparency regarding compensation or other key financial details.
- Significant liabilities reported in some years (e.g., $1,018,028 in 2021, $767,009 in 2022) warrant further investigation.
Strengths
The following positive indicators were identified for Mount Sinai Hospital Foundation Inc:
- Maintains a substantial asset base (e.g., $3,355,894 in 2023) despite revenue fluctuations, providing financial stability.
- The organization has a long operating history, suggesting established community presence and mission.
- The 'x' field, representing expenses, shows relatively low figures in some years (e.g., $0 in 2022 and 2021), which could indicate efficient operations if accurate and complete.
Frequently Asked Questions about Mount Sinai Hospital Foundation Inc
Is Mount Sinai Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Sinai Hospital Foundation Inc (EIN: 222584082) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Mount Sinai Hospital Foundation Inc spend its money?
Mount Sinai Hospital Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Sinai Hospital Foundation Inc tax-deductible?
Mount Sinai Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222584082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Mount Sinai Hospital Foundation Inc do?
Mount Sinai Hospital Foundation Inc is a nonprofit organization in the Health Care sector, located in Hartford, Connecticut. It is classified under NTEE code E112.
How much revenue does Mount Sinai Hospital Foundation Inc have?
Mount Sinai Hospital Foundation Inc reported total revenue of $527,425. Based on 13 IRS 990 filings on record.
What are Mount Sinai Hospital Foundation Inc's total assets?
Mount Sinai Hospital Foundation Inc holds total assets of $3,595,824 as reported in IRS 990 filings.
Where is Mount Sinai Hospital Foundation Inc located?
Mount Sinai Hospital Foundation Inc is based in Hartford, Connecticut.
What is Mount Sinai Hospital Foundation Inc's EIN?
Mount Sinai Hospital Foundation Inc's Employer Identification Number (EIN) is 222584082. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mount Sinai Hospital Foundation Inc?
Mount Sinai Hospital Foundation Inc is classified under NTEE code E112 (Health Care).
Is Mount Sinai Hospital Foundation Inc a registered 501(c)(3)?
Yes, Mount Sinai Hospital Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222584082.
Does Mount Sinai Hospital Foundation Inc file IRS Form 990?
Yes, Mount Sinai Hospital Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Mount Sinai Hospital Foundation Inc's revenue in 2023?
In the 202309 filing period, Mount Sinai Hospital Foundation Inc reported total revenue of $252,485, total expenses of $66,931, and net assets of $3,355,894.
Is Mount Sinai Hospital Foundation Inc's revenue growing or declining?
Mount Sinai Hospital Foundation Inc's revenue is growing. Revenue went from $94,444 (202209) to $252,485 (202309), a +167.3% change. Based on 13 filings on record.
What is Mount Sinai Hospital Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mount Sinai Hospital Foundation Inc covers tax period 202309. It shows revenue of $252,485, expenses of $66,931, total assets of $3,355,894, and liabilities of N/A.
How much does Mount Sinai Hospital Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Mount Sinai Hospital Foundation Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Mount Sinai Hospital Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mount Sinai Hospital Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Mount Sinai Hospital Foundation Inc?
The following concerns were identified: Consistent negative revenue in multiple years (e.g., -$127,084 in 2021, -$110,043 in 2020) raises concerns about long-term financial sustainability.. Lack of detailed expense breakdown (program, admin, fundraising) in the provided data hinders a comprehensive financial analysis.. The 'c0%' value in all filings is ambiguous and could indicate a lack of transparency regarding compensation or other key financial details.. Significant liabilities reported in some years (e.g., $1,018,028 in 2021, $767,009 in 2022) warrant further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mount Sinai Hospital Foundation Inc's strengths?
Positive indicators for Mount Sinai Hospital Foundation Inc include: Maintains a substantial asset base (e.g., $3,355,894 in 2023) despite revenue fluctuations, providing financial stability.. The organization has a long operating history, suggesting established community presence and mission.. The 'x' field, representing expenses, shows relatively low figures in some years (e.g., $0 in 2022 and 2021), which could indicate efficient operations if accurate and complete.. These findings are derived from AI analysis of the organization's financial filings.
How does Mount Sinai Hospital Foundation Inc compensate executives?
Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Mount Sinai Hospital Foundation Inc?
• The organization's financial filings show a concerning trend of negative revenue in several years (e.g., -$127,084 in 2021, -$110,043 in 2020), indicating a reliance on existing assets rather than new income. • The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making it difficult to fully assess spending efficiency. • The 'c' field consistently shows '0%', which is unclear in its meaning and could indicate a lack of detailed compensation reporti Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent negative revenue, how does the organization sustain its operations and what is the strategy for future funding?
The organization appears to be drawing down on its existing assets to cover operational costs, as evidenced by the negative revenue figures. A clear strategy for diversifying funding sources and increasing positive revenue generation is crucial for long-term sustainability.
What does the 'c0%' field represent across all financial filings, and why is there no reported compensation?
The 'c0%' field is unclear and requires clarification from the organization. Without further context, it's impossible to determine if it signifies zero compensation, a specific reporting method, or a lack of transparency regarding executive compensation.
Filing History
IRS 990 filing history for Mount Sinai Hospital Foundation Inc showing financial trends over 13 years of public records:
Total assets decreased by 35.8% over the same period, from $5.2M to $3.4M. In its most recent filing year (2023), Mount Sinai Hospital Foundation Inc reported a surplus of $186K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $67K | $3.4M | $0 | — | View 990 |
| 2022 | $94K | $0 | $3.9M | $767K | — | — |
| 2021 | $-127,084 | $0 | $4.1M | $1.0M | — | View 990 |
| 2020 | $-110,043 | $0 | $3.5M | $330K | — | — |
| 2019 | $-108,750 | $0 | $3.6M | $241K | — | View 990 |
| 2018 | $-74,709 | $0 | $3.5M | $100K | — | View 990 |
| 2017 | $-89,969 | $0 | $3.9M | $380K | — | View 990 |
| 2016 | $-75,448 | $0 | $4.0M | $456K | — | View 990 |
| 2015 | $-177,593 | $0 | $4.3M | $601K | — | View 990 |
| 2014 | $-59,430 | $0 | $4.6M | $759K | — | View 990 |
| 2013 | $-105,661 | $0 | $4.8M | $892K | — | View 990 |
| 2012 | $-139,067 | $0 | $5.3M | $1.3M | — | View 990 |
| 2011 | $-107,857 | $0 | $5.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $67K, and assets of $3.4M (revenue +167.3% year-over-year).
- 2022: Revenue of $94K, expenses of $0, and assets of $3.9M.
- 2021: Revenue of $-127,084, expenses of $0, and assets of $4.1M.
- 2020: Revenue of $-110,043, expenses of $0, and assets of $3.5M.
- 2019: Revenue of $-108,750, expenses of $0, and assets of $3.6M.
- 2018: Revenue of $-74,709, expenses of $0, and assets of $3.5M.
- 2017: Revenue of $-89,969, expenses of $0, and assets of $3.9M.
- 2016: Revenue of $-75,448, expenses of $0, and assets of $4.0M.
- 2015: Revenue of $-177,593, expenses of $0, and assets of $4.3M.
- 2014: Revenue of $-59,430, expenses of $0, and assets of $4.6M.
- 2013: Revenue of $-105,661, expenses of $0, and assets of $4.8M.
- 2012: Revenue of $-139,067, expenses of $0, and assets of $5.3M.
- 2011: Revenue of $-107,857, expenses of $0, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Sinai Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Mount Sinai Hospital Foundation Inc 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.