Montefiore Medical Center: $5.1B Revenue, $5.0B Expenses
Bronx, New York · EIN 131740114 · Filing year 2023
Montefiore Medical Center reported $5.1B in total revenue, $5.0B in total expenses, and $4.6B in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: B (71/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $5.1B
- Total Expenses
- $5.0B
- Total Assets
- $4.6B
- Reserve Months
- 11.0 months
- Surplus / (Deficit)
- $54.2M
- EIN
- 131740114
- Latest 990 Year
- 2023
- Current-Officer Compensation
- Not reported
- Officer Comp % of Revenue
- N/A
The efficiency rubric puts Montefiore Medical Center at a B grade: a composite of 71/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.
On revenue, Montefiore Medical Center is among the largest U.S. nonprofits: $5.1B in 2023 reported revenue. Organizations at this scale typically operate hospitals, university systems, or national federations — the financial pattern looks more like a corporation than the small-charity stereotype. Financial health is a strength: Montefiore Medical Center carries a healthy operating-reserve cushion against $5.0B in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.
Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Montefiore Medical Center is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.
How Montefiore Medical Center Compares
Montefiore Medical Center earns a NonprofitTruth efficiency grade of B (71/100). That is 7 points below the Health category average. The organization holds 11.0 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Montefiore Medical Center reported $5.1B in revenue against $5.0B in total functional expenses for filing year 2023, holding roughly 11.0 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
Revenue History
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Montefiore Medical Center has a NonprofitTruth Efficiency Score of B (71/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Montefiore Medical Center, Donor FAQ
Montefiore Medical Center has a NonprofitTruth Efficiency Score of B (71/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Current-officer compensation for Montefiore Medical Center is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.
Montefiore Medical Center reported $5.1B in annual revenue and $5.0B in total expenses for filing year 2023. The organization holds $4.6B in total assets.
Montefiore Medical Center holds approximately 11.0 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.
Montefiore Medical Center is a registered 501(c) organization with EIN 131740114, based in Bronx, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
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Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.