The Brooklyn Hospital Center

Analysis

The Brooklyn Hospital Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1937, 89 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Brooklyn Hospital Center reported income of $476.8m and spending of $483.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $404.6m to $476.8m (+18%), an average of +4.2% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Brooklyn Hospital Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Johns Hopkins Medical Services Corporation ($476.5m), St Lukes Methodist Hospital ($477.1m) and Sea Mar Community Health Centers ($476.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $7.8m (1.6% of expenses). Other salaries and wages came to $219.1m. At year end it held assets of $668.0m against liabilities of $364.8m, net assets of $303.3m. It reported 3,105 employees.