New York-Presbyterian Brooklyn Methodist

Analysis

New York-Presbyterian Brooklyn Methodist is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1940, 86 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 2021, New York-Presbyterian Brooklyn Methodist reported income of $932.6m and spending of $929.7m, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $962.9m to $932.6m (-3.1%), an average of -1.6% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York-Presbyterian Brooklyn Methodist 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 St Jude Hospital ($932.4m), Mary Washington Healthcare ($937.2m) and Saint Francis Hospital and Medical Center ($931.4m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 2.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.9m (0.5% of expenses). Other salaries and wages came to $385.3m. At year end it held assets of $1.73bn against liabilities of $957.2m, net assets of $776.7m. It reported 5,294 employees.