EIN 59-0624424

Mount Sinai Medical Center (MSMC)

IRS 501(c) type
501(c)(3)
Num. employees
4,210
State
Year formed
1946
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Mount Sinai Medical Center is the largest private independent not-for-profit teaching hospital in South Florida. Mount Sinai is the hospital of choice for those who seek the level of expertise and care that only a teaching hospital can offer.
Also known as...
Mount Sinai Medical Center of Florida
Total revenues
$1,061,287,456
2023
Total expenses
$972,412,617
2023
Total assets
$1,123,672,620
2023
Num. employees
4,210
2023

Program areas at MSMC

Safety net hospital operationsin 2023, Mount Sinai served 25,632 inpatient admissions, 275,365 outpatient admissions, 55,135 emergency care visits in its primary service area, 19,429 in its senior health target area of aventura and 35,868 in its hialeah free standing emergency department. Mount Sinai performed 14,802 surgeries meeting surgical care standards and welcomed 2,208 infants with healthy birth weights.
Physician network and access to careaccording to the 2017 update to the aamc-commissioned study of physician supply and demand, physician demand is projected to continue growing faster than the supply. (the complexities of physician supply and demand: projections from 2015 to 2030, ihs market, february 17, 2017) the state of Florida agency for healthcare, and the statewide medicaid residency program supported the teaching of specialty clinical providers. Mount Sinai provided both access to care and support for the teaching of 437 Medical students and 212 residents and fellows. Mount Sinai services 13 locations in two counties by providing 297,037 primary or specialty care visits. Mount Sinai has widened access to specialty care in Florida and the state medicaid program.
Teaching & researchin 2023, Mount Sinai retained its own teaching faculty and 15 accredited graduate Medical education programs, teaching 212 residents and fellows. Mount Sinai provided a teaching clinical environment for physicians to become board certified. Additionally, to meet the demands of the workforce, Mount Sinai taught 285 nursing students, 437 Medical students and 156 allied health students for health care careers. To supplement the academic environment in 2023, Mount Sinai had 162 research studies approved by a national review board or by a Mount Sinai institution peer review board. Mount Sinai had 115 cancer studies, 16 memory disorder, 11 cardiac, and 20 other studies.

Grants made by MSMC

GranteeGrant descriptionAmount
Miami Beach Community Health Center (MBCHC)Assist the City With Providing Primary Care$150,000

Who funds Mount Sinai Medical Center (MSMC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mount Sinai Medical Center FoundationGeneral Support$16,507,137
Florida Essential Healthcare Partnerships Foundation$3,843,000
The Fairholme FoundationGeneral Purpose$1,000,000
...and 21 more grants received totalling $22,698,478

Financials for MSMC

RevenuesFYE 12/2023
Total grants, contributions, etc.$18,824,462
Program services$1,000,046,186
Investment income and dividends$10,741,445
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-1,443,297
Net gain from sale of non-inventory assets$548,571
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$32,570,089
Total revenues$1,061,287,456

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Winchester HospitalWinchester, MA$356,181,766
Sharp Memorial HospitalSan Diego, CA$1,539,570,652
Thomas Jefferson University HospitalPhiladelphia, PA$2,553,262,379
Usc Arcadia HospitalArcadia, CA$330,566,007
Hoag Memorial Hospital PresbyterianNewport Beach, CA$1,843,487,493
Sarah Bush Lincoln Health Center (SBLHC)Mattoon, IL$626,211,648
The Brooklyn Hospital CenterBrooklyn, NY$476,787,046
Beth Israel Deaconess Medical Center (BIDMC)Boston, MA$2,688,941,672
Data update history
July 3, 2025
Received grants
Identified 3 new grant, including a grant for $1,000,000 from The Fairholme Foundation
May 1, 2025
Used new vendors
Identified 1 new vendor, including
April 20, 2025
Received grants
Identified 6 new grant, including a grant for $3,843,000 from Florida Essential Healthcare Partnerships Foundation
February 8, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 21, 2025
Updated personnel
Identified 5 new personnel
Nonprofit Types
HospitalsHealth organizationsHeadquarter / parent organizations
Issues
HealthDiseases and disorders
Characteristics
LobbyingOperates internationallyState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
4300 Alton Rd
Miami Beach, FL 33140
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Miami-Dade County, FL
Website URL
msmc.com/ 
Phone
(305) 676-6407
Facebook page
mountsinaimedicalcenter 
Twitter profile
@mountsinaimiami 
IRS details
EIN
59-0624424
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1946
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E22: Hospital, General
NAICS code, primary
622: Hospitals
Parent/child status
Central organization
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