Wyckoff Heights Medical Center

Analysis

Wyckoff Heights Medical Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1942, 84 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, Wyckoff Heights Medical Center reported income of $415.3m and spending of $425.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329.4m to $415.3m (+26%), an average of +6.0% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wyckoff Heights Medical 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 Blanchard Valley Regional Health Center ($413.6m), Bethesda Hospital Inc ($417.8m) and Methodist Childrens Hospital ($413.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $4.6m (1.1% of expenses). Other salaries and wages came to $174.5m. At year end it held assets of $471.6m against liabilities of $469.6m, net assets of $2.0m. It reported 2,465 employees.