Brookdale Hospital Medical Center

Analysis

Brookdale Hospital Medical Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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, Brookdale Hospital Medical Center reported income of $1.11bn and spending of $1.20bn, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $591.8m to $1.11bn (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brookdale Hospital Medical Center sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Parkview Health System Inc ($1.11bn), Saint Thomas West Hospital ($1.11bn) and Shriners Hospitals for Children ($1.11bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $7.8m (0.6% of expenses). Other salaries and wages came to $511.9m. At year end it held assets of $1.10bn against liabilities of $1.40bn, net assets of -$301.1m. It reported 6,374 employees.